Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF – 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 totaling 833,996 shares, a decrease of 42.8% from the September 30th total of 1,457,806 shares. Based on an average daily trading volume, of 1,964 shares, the short-interest ratio is presently 424.6 days.
Mitsubishi Chemical Group Stock Performance
Shares of Mitsubishi Chemical Group stock remained flat at $6.99 on Friday. Mitsubishi Chemical Group has a fifty-two week low of $4.91 and a fifty-two week high of $7.25. The company’s 50-day moving average price is $6.35 and its 200 day moving average price is $6.43.
Mitsubishi Chemical Group Company Profile
Mitsubishi Chemical Group Corporation is a Japan-based diversified chemical company that develops and manufactures materials and chemical products for industrial and consumer applications. Its portfolio includes performance polymers, films, composites, coatings, electronic materials, battery-related materials, carbon products and other specialty materials used in transportation, electronics, packaging, construction and healthcare-related industries.
The group also produces basic and intermediate chemicals, including methyl methacrylate (MMA), acrylic resins and related products.
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