Mitsubishi Chemical Holdings Co. (OTCMKTS:MTLHY) Sees Large Drop in Short Interest

Mitsubishi Chemical Holdings Co. (OTCMKTS:MTLHYGet Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 2,600 shares, a decrease of 21.2% from the May 15th total of 3,300 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 3.7 days.

MTLHY stock traded up $1.40 during mid-day trading on Thursday, hitting $30.37. 13,776 shares of the company were exchanged, compared to its average volume of 2,290. The business has a 50 day simple moving average of $30.49 and a 200-day simple moving average of $34.29. The stock has a market capitalization of $9.15 billion, a PE ratio of 5.93 and a beta of 0.37. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. Mitsubishi Chemical has a 1-year low of $28.26 and a 1-year high of $48.55.

About Mitsubishi Chemical (Get Rating)

Mitsubishi Chemical Holdings Corporation provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally. The company's performance products include specialty chemicals, functional food materials, inorganic materials, electronic and electrical components and products, molding and processed products, film and sheet products, synthetic paper and fiber, carbon fiber, equipment, instruments and systems, materials and products for industrial use, construction materials, civil engineering materials, aqua-related materials and products, leisure, sports, and daily goods.

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