Short Interest in Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) Increases By 24.2%

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,419,100 shares, an increase of 24.2% from the October 31st total of 1,142,700 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 4,730.3 days.

Mitsubishi Chemical Group Price Performance

Shares of MTLHF stock remained flat at $5.43 on Monday. 28 shares of the stock were exchanged, compared to its average volume of 2,340. The firm has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $5.72. Mitsubishi Chemical Group has a one year low of $4.92 and a one year high of $6.93.

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.