Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 944,797 shares, a drop of 43.6% from the April 30th total of 1,675,648 shares. Based on an average daily volume of 2,909 shares, the short-interest ratio is currently 324.8 days.
Mitsubishi Chemical Group Price Performance
Shares of OTCMKTS:MTLHF remained flat at $6.79 during trading on Tuesday. 100 shares of the stock were exchanged, compared to its average volume of 925. The firm’s 50-day moving average price is $6.54 and its 200-day moving average price is $6.24. Mitsubishi Chemical Group has a 1 year low of $4.91 and a 1 year high of $7.25.
Mitsubishi Chemical Group Company Profile
Mitsubishi Chemical Group Corporation (OTCMKTS: MTLHF) is a Japan-based integrated chemical manufacturer and holding company headquartered in Tokyo. As part of the broader Mitsubishi keiretsu, the company brings together a wide range of chemical businesses under one umbrella, focusing on innovation and sustainability to address global industrial and consumer needs.
The company’s core business activities are organized into several segments, including performance products, functional materials, health care, industrial gasses and energy, and petrochemicals.
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