Daicel Co. (OTCMKTS:DACHF) Stock Short Interest Declines 42.6%

Daicel Co. (OTCMKTS:DACHF – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 76,636 shares, a decline of 42.6% from the August 31st total of 133,401 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Daicel Price Performance

DACHF remained flat at $9.38 during trading on Wednesday. Daicel has a fifty-two week low of $8.00 and a fifty-two week high of $9.38. The company’s 50 day simple moving average is $8.61 and its 200-day simple moving average is $8.30.

Daicel Company Profile

(Get Free Report)

Daicel Corporation is a Japan-based chemical company that develops and manufactures specialty materials, functional chemicals and safety-related products. Its portfolio includes cellulose derivatives, acetate tow used in cigarette filters, organic chemicals, engineering plastics and other high-performance materials serving industrial and consumer applications.

The company is also known for its automotive safety systems business, which supplies inflators and related pyrotechnic devices for airbags and seat-belt systems.

Further Reading

Receive News & Ratings for Daicel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daicel and related companies with MarketBeat.com's FREE daily email newsletter.