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

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 946,300 shares, a growth of 34.1% from the March 31st total of 705,500 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 378.5 days.

Mitsubishi Chemical Group Stock Performance

MTLHF stock remained flat at $6.33 during mid-day trading on Tuesday. The stock’s fifty day simple moving average is $6.00 and its two-hundred day simple moving average is $5.97. Mitsubishi Chemical Group has a 52-week low of $5.35 and a 52-week high of $6.51.

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.