Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) Stock Short Interest Falls 61.6%

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 147 shares, a decline of 61.6% from the August 31st total of 383 shares. Based on an average daily volume of 75 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.0% of the shares of the stock are sold short.

Mitsubishi Chemical Price Performance

MTLHY stock traded up $0.05 during mid-day trading on Tuesday, hitting $37.05. 403 shares of the stock were exchanged, compared to its average volume of 503. The business has a fifty day moving average price of $36.83 and a 200 day moving average price of $33.68. Mitsubishi Chemical has a 12 month low of $26.51 and a 12 month high of $38.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 1.03. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 20.14 and a beta of 0.65.

Mitsubishi Chemical (OTCMKTS:MTLHY) last announced its quarterly earnings data on Friday, July 31st. The company reported $1.33 earnings per share for the quarter. The firm had revenue of $6.30 billion for the quarter.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical Group Corporation, formerly known as Mitsubishi Chemical Holdings Corporation, is a Japan-based global chemical and materials company headquartered in Tokyo. The group develops and manufactures products used across industrial, automotive, electronics, packaging, healthcare and consumer applications.

Its businesses include performance materials, specialty chemicals, polymers, films, coatings, composites and advanced materials. The company also produces methyl methacrylate and related acrylic products, carbon and other industrial materials, and chemical products used in manufacturing and a range of end markets.

Mitsubishi Chemical Group serves customers in Japan and international markets through manufacturing, research and development, and sales operations in Asia, Europe, North America and other regions.