Daicel Co. (OTCMKTS:DACHF – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 73,384 shares, a drop of 57.7% from the July 15th total of 173,601 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Daicel Stock Performance
Shares of Daicel stock opened at $8.00 on Friday. The business’s 50 day moving average price is $8.00 and its 200 day moving average price is $8.18. Daicel has a one year low of $8.00 and a one year 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.
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