Denka Company Limited (OTCMKTS:DENKF) Sees Significant Growth in Short Interest

Denka Company Limited (OTCMKTS:DENKF) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 430,100 shares, an increase of 14.2% from the October 31st total of 376,600 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is presently 330.8 days.

Denka Stock Performance

Denka stock remained flat at $17.75 during mid-day trading on Friday. Denka has a fifty-two week low of $17.75 and a fifty-two week high of $17.75. The company’s fifty day moving average price is $17.75 and its 200 day moving average price 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.