Free Trial

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

Mitsubishi Chemical Group logo with Basic Materials background

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

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Mitsubishi Chemical Group right now?

Before you consider Mitsubishi Chemical Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Chemical Group wasn't on the list.

While Mitsubishi Chemical Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

These Top Stocks in 2024 Will Continue to be Big Winners in 2025
’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
Palantir and the NASDAQ 100: What’s the Next Big Stock Swing for This AI Giant?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines