Itafos Inc. (OTCMKTS:MBCF) Short Interest Up 803.8% in November

Itafos Inc. (OTCMKTS:MBCF) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 47,900 shares, an increase of 803.8% from the November 15th total of 5,300 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 1.4 days.

Itafos Price Performance

Shares of OTCMKTS:MBCF remained flat at $1.22 during midday trading on Thursday. 10 shares of the stock traded hands, compared to its average volume of 8,116. Itafos has a one year low of $0.85 and a one year high of $1.30. The business’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.12.

Itafos Company Profile

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.