Daicel Co. (OTCMKTS:DACHF) Short Interest Down 57.7% in July

Daicel Co. (OTCMKTS:DACHF) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 73,384 shares, a decrease of 57.7% from the July 15th total of 173,601 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Daicel Price Performance

Shares of Daicel stock remained flat at $8.00 during trading on Friday. Daicel has a 12-month low of $8.00 and a 12-month high of $8.49. The business’s 50 day moving average is $8.00 and its two-hundred day moving average is $8.18.

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.