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

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 300 shares, an increase of 50.0% from the July 15th total of 200 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 0.8 days.

Mitsubishi Chemical Group Price Performance

OTCMKTS:MTLHY remained flat at $28.62 during mid-day trading on Wednesday. 62 shares of the company’s stock were exchanged, compared to its average volume of 1,630. Mitsubishi Chemical Group has a 12-month low of $25.16 and a 12-month high of $33.97. The firm’s 50 day moving average is $28.06 and its two-hundred day moving average is $28.64. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.81 and a current ratio of 1.27. The stock has a market capitalization of $8.14 billion, a PE ratio of 10.01 and a beta of 0.34.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.37 EPS for the quarter. Mitsubishi Chemical Group had a net margin of 2.61% and a return on equity of 5.11%. The firm had revenue of $7.69 billion for 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. The company offers polyester films for various applications, including optical materials, for electronic displays; industrial materials for electronic components, automotive parts, and medical equipment; and packaging materials for food and other products.