Short Interest in Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) Grows By 75.0%

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 371 shares, an increase of 75.0% from the July 30th total of 212 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 171 shares, the short-interest ratio is presently 2.2 days.

Mitsubishi Chemical Price Performance

Mitsubishi Chemical stock opened at $37.05 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.02 and a current ratio of 1.50. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 20.14 and a beta of 0.65. Mitsubishi Chemical has a fifty-two week low of $26.51 and a fifty-two week high of $38.74. The stock’s fifty day moving average is $36.11 and its two-hundred day moving average is $33.29.

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

About Mitsubishi Chemical

Mitsubishi Chemical (OTCMKTS:MTLHY) is the U.S. trading line of Mitsubishi Chemical Holdings Corporation, one of Japan’s leading integrated chemical companies. The company operates through a diversified portfolio of specialty chemicals, performance materials, petrochemicals and healthcare products. Its product offering spans from high‐performance plastics, electronic and battery materials to pharmaceutical intermediates, industrial gases and carbon‐fiber composites designed for automotive, electronics and aerospace applications.

Founded originally as Mitsubishi Chemical Corporation in 1933 and reorganized under Mitsubishi Chemical Holdings in 2005, the company is part of the broader Mitsubishi keiretsu.