Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Sees Significant Growth in Short Interest

by · The Markets Daily

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY – Get Free Report) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,900 shares, a growth of 533.3% from the October 31st total of 300 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Chemical Group Price Performance

OTCMKTS:MTLHY traded down $0.82 during trading hours on Wednesday, hitting $27.26. The company’s stock had a trading volume of 335 shares, compared to its average volume of 1,937. The business’s 50-day moving average is $29.16 and its two-hundred day moving average is $28.67. The company has a market capitalization of $7.76 billion, a PE ratio of 13.25 and a beta of 0.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 1.31. Mitsubishi Chemical Group has a 52-week low of $25.16 and a 52-week high of $34.45.

Mitsubishi Chemical Group (OTCMKTS:MTLHY – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.03 EPS for the quarter. Mitsubishi Chemical Group had a net margin of 2.07% and a return on equity of 4.04%. The firm had revenue of $7.48 billion during the quarter.

Mitsubishi Chemical Group Company Profile

(Get Free Report)

Mitsubishi Chemical Group Corporation provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally. It operates in five segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment offers performance polymers, soarnol, gohsenol, sustainable polymers, and engineering plastics; coating materials, additives, and fines; packaging, industrial and medical, acetyl, and polyester films; engineering shapes and solutions, carbon fiber and composite materials, and fibers; aqua, life, and infrastructure solutions; and semiconductor, electronics, and battery materials.

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