Daicel Co. (OTCMKTS:DACHF) Short Interest Up 297.4% in August

Daicel Co. (OTCMKTS:DACHF – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 133,401 shares, an increase of 297.4% from the August 15th total of 33,567 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Daicel Price Performance

DACHF opened at $9.38 on Friday. Daicel has a 12-month low of $8.00 and a 12-month high of $9.38. The firm has a 50 day moving average of $8.28 and a two-hundred day moving average of $8.22.

Daicel Company Profile

(Get Free Report)

Daicel Chemical Industries, Ltd. operates as a diversified specialty chemicals manufacturer headquartered in Osaka, Japan. The company is organized around three core segments: Cellulosic Derivatives & Products, Organic Chemicals & Polymer Products, and Pyrotechnic Devices & Safety Systems. Through its international network of subsidiaries and affiliates, Daicel serves customers in the automotive, pharmaceutical, packaging, electronics, agriculture and consumer goods industries.

In its Cellulosic Derivatives & Products division, Daicel produces cellulose acetate tow, the primary raw material for cigarette filters, along with cellulose acetate butyrate used in coatings, adhesives and films.

Further Reading

• Five stocks we like better than Daicel
• Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
• Is Nike’s Index Demotion a Warning or a Buying Opportunity?
• American Eagle Goes on Sale: Is It Time to Buy?
• MarketBeat Week in Review – 09/07 – 09/11