Daicel Co. (OTCMKTS:DACHF) Short Interest Down 54.3% in August

Daicel Co. (OTCMKTS:DACHF) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 33,567 shares, a decrease of 54.3% from the July 30th total of 73,384 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Daicel Stock Performance

Shares of OTCMKTS DACHF remained flat at $8.00 during midday trading on Friday. The business’s 50-day simple moving average is $8.00 and its 200-day simple moving average is $8.15. Daicel has a 52 week low of $8.00 and a 52 week high of $8.49.

Daicel Company Profile

Daicel Chemical Industries, Ltd. operates as a diversified specialty chemicals manufacturer headquartered in Osaka, Japan. The company is organized around three core segments: Cellulosic Derivatives & Products, Organic Chemicals & Polymer Products, and Pyrotechnic Devices & Safety Systems. Through its international network of subsidiaries and affiliates, Daicel serves customers in the automotive, pharmaceutical, packaging, electronics, agriculture and consumer goods industries.

In its Cellulosic Derivatives & Products division, Daicel produces cellulose acetate tow, the primary raw material for cigarette filters, along with cellulose acetate butyrate used in coatings, adhesives and films.