Short Interest in Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Declines By 92.7%

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, a decrease of 92.7% from the September 30th total of 5,500 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.1 days.

Mitsubishi Chemical Group Stock Performance

MTLHY traded down $0.33 on Friday, hitting $27.10. 500 shares of the company traded hands, compared to its average volume of 1,525. Mitsubishi Chemical Group has a 12-month low of $25.16 and a 12-month high of $34.45. The company has a 50 day moving average of $30.62 and a 200-day moving average of $29.05. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $7.71 billion, a PE ratio of 10.19 and a beta of 0.34.

Mitsubishi Chemical Group (OTCMKTS:MTLHY - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.89 earnings per share for the quarter. The firm had revenue of $7.24 billion for the quarter. Mitsubishi Chemical Group had a net margin of 2.61% and a return on equity of 5.09%.

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. It operates in five segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment offers performance polymers, soarnol, gohsenol, sustainable polymers, and engineering plastics; coating materials, additives, and fines; packaging, industrial and medical, acetyl, and polyester films; engineering shapes and solutions, carbon fiber and composite materials, and fibers; aqua, life, and infrastructure solutions; and semiconductor, electronics, and battery materials.

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