Is Buying TREE ISLAND STEEL LTD. ORDINARY SHARES (OTCMKTS:TWIRF), Having Lower Short Interest a Winning Strategy?

March 14, 2018 - By Clifton Ray

The stock of TREE ISLAND STEEL LTD. ORDINARY SHARES (OTCMKTS:TWIRF) registered a decrease of 3.97% in short interest. TWIRF’s total short interest was 12,100 shares in March as published by FINRA. Its down 3.97% from 12,600 shares, reported previously. With 900 shares average volume, it will take short sellers 13 days to cover their TWIRF’s short positions. The short interest to TREE ISLAND STEEL LTD. ORDINARY SHARES’s float is 0.08%.

It closed at $1.9979 lastly. It is down 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. The company has market cap of $65.07 million. It offers residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories. It currently has negative earnings. The firm also provides commercial products comprising reinforcing mesh, pipe mesh and flexicage, rebar tie wires, engineered structural mesh, and concrete reinforcing wires, as well as mine mesh; and industrial products, such as pulp and unitizing wires, waste wires, chain link wires, upholstery wires, low carbon wires, bar/straight and cut bars, shaped wires, and wirelines for use in the oil industry.

More notable recent Tree Island Steel Ltd. (OTCMKTS:TWIRF) news were published by: which released: “Tree Island Steel to Issue Fourth Quarter and Full Year 2017 Financial Results …” on February 05, 2018, also with their article: “Tree Island Steel Announces Full Year 2017 Results” published on February 22, 2018, published: “Tree Island Steel Announces Q2 2017 Results” on August 03, 2017. More interesting news about Tree Island Steel Ltd. (OTCMKTS:TWIRF) were released by: and their article: “Tree Island Steel Executive Announcement” published on July 27, 2016 as well as‘s news article titled: “Tree Island Steel Ltd. to Acquire Assets of Irving Wire Products Corporation” with publication date: November 10, 2015.

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