Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Short Interest Up 150.0% in March

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, an increase of 150.0% from the February 29th total of 600 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 0.6 days.

Mitsubishi Chemical Group Price Performance

Shares of Mitsubishi Chemical Group stock remained flat at $30.90 during trading on Thursday. The stock had a trading volume of 349 shares, compared to its average volume of 1,609. The firm has a market cap of $8.79 billion, a P/E ratio of 6.73 and a beta of 0.34. The firm’s 50-day moving average price is $29.27 and its two-hundred day moving average price is $30.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.34 and a quick ratio of 0.86. Mitsubishi Chemical Group has a 52-week low of $27.59 and a 52-week high of $33.97.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.83 EPS for the quarter. The company had revenue of $7.42 billion during the quarter. Mitsubishi Chemical Group had a return on equity of 8.79% and a net margin of 4.15%.

Mitsubishi Chemical Group Company Profile

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.