Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Sees Significant Growth in Short Interest

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,900 shares, an increase of 533.3% from the October 31st total of 300 shares. Based on an average daily volume of 14,900 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Chemical Group Price Performance

MTLHY stock traded down $0.82 during trading on Wednesday, hitting $27.26. The stock had a trading volume of 335 shares, compared to its average volume of 1,937. Mitsubishi Chemical Group has a 1-year low of $25.16 and a 1-year high of $34.45. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 13.25 and a beta of 0.37. The company’s 50 day moving average price is $29.16 and its two-hundred day moving average price is $28.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 1.31.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last announced its earnings results on Friday, November 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $7.48 billion for the quarter. Mitsubishi Chemical Group had a net margin of 2.07% and a return on equity of 4.04%.

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.