Mechel Pao American Depositary Shares (each REP. 1 (NYSE:MTL) Sellers Increased By 39.26% Their Shorts

May 11, 2018 - By Darrin Black

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The stock of Mechel Pao American Depositary Shares (each REP. 1 (NYSE:MTL) registered an increase of 39.26% in short interest. MTL’s total short interest was 376,700 shares in May as published by FINRA. Its up 39.26% from 270,500 shares, reported previously. With 170,900 shares average volume, it will take short sellers 2 days to cover their MTL’s short positions. The short interest to Mechel Pao American Depositary Shares (each REP. 1’s float is 0.33%.

The stock increased 1.10% or $0.04 during the last trading session, reaching $3.67. About 37,069 shares traded. Mechel PAO (NYSE:MTL) has declined 15.22% since May 11, 2017 and is downtrending. It has underperformed by 26.77% the S&P500.

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. The company has market cap of $763.86 million. The Company’s Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, naphthalene, and other compounds; and iron ore concentrates. It has a 2.05 P/E ratio. The companyÂ’s Steel segment produces and sells semi-finished steel products, carbon and specialty long products, and carbon and stainless flat products, as well as value-added downstream metal products, including forgings, stampings, hardware, rails, balks, and ferrosilicon.

Another recent and important Mechel PAO (NYSE:MTL) news was published by which published an article titled: “Mechel Conducts Technical Upgrade of Korshunov Mining Plant” on April 16, 2018.

Mechel PAO (NYSE:MTL) Ratings Chart

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