Short Interest in Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Declines By 97.3%

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 97.3% from the November 30th total of 3,700 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.0 days.

Mitsubishi Chemical Group Stock Performance

Mitsubishi Chemical Group stock traded up $0.21 during mid-day trading on Thursday, reaching $24.81. 763 shares of the stock traded hands, compared to its average volume of 1,865. Mitsubishi Chemical Group has a 12-month low of $24.45 and a 12-month high of $34.45. The business’s 50-day moving average is $26.68 and its 200-day moving average is $28.53. The stock has a market capitalization of $7.06 billion, a PE ratio of 11.70 and a beta of 0.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.82.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last posted its earnings results on Friday, November 1st. The company reported $0.03 earnings per share 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.