Short Interest in Denka Company Limited (OTCMKTS:DENKF) Decreases By 12.1%

Denka Company Limited (OTCMKTS:DENKF) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 685,500 shares, a drop of 12.1% from the May 31st total of 780,300 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 2,285.0 days.

Denka Price Performance

OTCMKTS:DENKF remained flat at $17.75 during trading hours on Monday. The business has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $18.02. Denka has a 12-month low of $17.75 and a 12-month high of $17.75.

About Denka

Denka Company Limited manufactures and sells organic and inorganic materials to electronic materials and pharmaceuticals in Japan and internationally. The company's Electronics & Innovative Products division provides conductive agents for lithium for lithium-ion batteries, thermal materials and substrates, functional ceramics, films, and tapes.