Short Interest in Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) Decreases By 30.3%

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,139,700 shares, a drop of 30.3% from the September 30th total of 4,502,900 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 10,465.7 days. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 10,465.7 days.

Mitsubishi Chemical Group Price Performance

Shares of MTLHF opened at $5.16 on Wednesday. The business’s 50 day moving average is $5.51 and its 200 day moving average is $5.20. Mitsubishi Chemical Group has a 12-month low of $4.21 and a 12-month high of $6.08.

Mitsubishi Chemical Group Company Profile

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.