Denka Company Limited (OTCMKTS:DENKF) Sees Large Decrease in Short Interest

Denka Company Limited (OTCMKTS:DENKF) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 455,000 shares, a decrease of 26.1% from the January 15th total of 615,400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 4,550.0 days.

Denka Price Performance

Denka stock remained flat at $17.75 during trading hours on Friday. Denka has a 12-month low of $17.75 and a 12-month high of $17.75. The company’s fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $17.75.

Denka Company Profile

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.