Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) Sees Significant Increase in Short Interest

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,395,700 shares, a growth of 25.7% from the March 15th total of 1,905,500 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 1,409.2 days.

Mitsubishi Chemical Group Stock Performance

MTLHF stock opened at $4.21 on Tuesday. The business’s fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $5.32. Mitsubishi Chemical Group has a twelve month low of $4.21 and a twelve month high of $6.93.

About Mitsubishi Chemical Group

Mitsubishi Chemical Group Corporation provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally. The company offers polyester films for various applications, including optical materials, for electronic displays; industrial materials for electronic components, automotive parts, and medical equipment; and packaging materials for food and other products.