Short Interest in Ube Industries, Ltd. (OTCMKTS:UBEOF) Decreases By 29.3%

Ube Industries, Ltd. (OTCMKTS:UBEOFGet Rating) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 142,300 shares, a decrease of 29.3% from the March 15th total of 201,200 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1,423.0 days.

Shares of OTCMKTS UBEOF opened at $15.37 on Friday. The company’s fifty day moving average price is $19.40 and its 200 day moving average price is $19.63. Ube Industries has a 1 year low of $15.29 and a 1 year high of $19.75.

About Ube Industries (Get Rating)

Ube Industries, Ltd., together with its subsidiaries, engages in the chemicals, construction materials, and machinery businesses in Japan, Asia, Europe, and internationally. The company operates through four segments: Chemicals, Construction Materials, Machinery, and Others. It offers synthetic rubber, engineering plastics, caprolactam, industrial chemicals, liquefied gas, polyethylene, ammonium sulfate, polyimide, battery materials, telecommunication parts, separation membranes, fine chemicals, ceramics, phosphor products, high purity chemicals, polyurethane and related materials, aerospace materials, inorganic fiber, and high temperature paints.

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