Short Interest in Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Declines By 92.7%

by · The Markets Daily

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, a decrease of 92.7% from the September 30th total of 5,500 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.1 days.

Mitsubishi Chemical Group Stock Performance

MTLHY traded down $0.33 on Friday, hitting $27.10. 500 shares of the company traded hands, compared to its average volume of 1,525. Mitsubishi Chemical Group has a 12-month low of $25.16 and a 12-month high of $34.45. The company has a 50 day moving average of $30.62 and a 200-day moving average of $29.05. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $7.71 billion, a PE ratio of 10.19 and a beta of 0.34.

Mitsubishi Chemical Group (OTCMKTS:MTLHY – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.89 earnings per share for the quarter. The firm had revenue of $7.24 billion for the quarter. Mitsubishi Chemical Group had a net margin of 2.61% and a return on equity of 5.09%.

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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