Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 833,996 shares, a decrease of 42.8% from the September 30th total of 1,457,806 shares. Based on an average daily volume of 1,964 shares, the short-interest ratio is presently 424.6 days.
Mitsubishi Chemical Group Price Performance
Shares of OTCMKTS MTLHF opened at $6.99 on Tuesday. Mitsubishi Chemical Group has a 1 year low of $4.91 and a 1 year high of $7.25. The firm’s 50-day moving average is $6.37 and its 200-day moving average is $6.44.
Mitsubishi Chemical Group Company Profile
Mitsubishi Chemical Group Corporation is a Japan-based diversified chemical company that develops and manufactures materials and chemical products for industrial and consumer applications. Its portfolio includes performance polymers, films, composites, coatings, electronic materials, battery-related materials, carbon products and other specialty materials used in transportation, electronics, packaging, construction and healthcare-related industries.
The group also produces basic and intermediate chemicals, including methyl methacrylate (MMA), acrylic resins and related products.
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