Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Short Interest Down 92.7% in October

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

Mitsubishi Chemical Group Price Performance

Shares of Mitsubishi Chemical Group stock traded down $0.33 during trading on Friday, hitting $27.10. 500 shares of the company were exchanged, compared to its average volume of 1,525. Mitsubishi Chemical Group has a fifty-two week low of $25.16 and a fifty-two week high of $34.45. 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 firm has a 50 day moving average price of $30.62 and a 200 day moving average price of $29.05. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 10.19 and a beta of 0.34.

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

About Mitsubishi Chemical Group

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.