Mitsubishi Chemical Group Co. Short Interest Declines 50% in February

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report) experienced a notable decline in short interest during February. As of February 15th, the total short interest fell to 100 shares, marking a decrease of 50.0% compared to the 200 shares reported on January 31st. With an average trading volume of 600 shares per day, the current days-to-cover ratio stands at 0.2 days.

Mitsubishi Chemical Group Price Performance

On Friday, Mitsubishi Chemical Group (OTCMKTS:MTLHY) had a flat trading price of $26.60 as of midday. The trading volume for the day was merely 1 share, considerably lower than the usual average volume of 819 shares. The stock's 50-day simple moving average is noted at $25.52, while the 200-day simple moving average is $27.72. With a market capitalization of $7.57 billion, the company possesses a P/E ratio of 15.47 and a beta of 0.38. Over the past year, the stock has reached a low of $23.77 and a high of $34.45. Additional financial metrics reveal a quick ratio of 0.82, a current ratio of 1.31, and a debt-to-equity ratio of 0.69.

Mitsubishi Chemical Group last announced its quarterly earnings on February 6th. The company reported earnings per share (EPS) of $0.43 for the quarter. Moreover, Mitsubishi Chemical Group recorded a return on equity of 3.18% and a net margin of 1.66%.

Mitsubishi Chemical Group Company Profile

Mitsubishi Chemical Group Corporation operates in the field of performance products, chemicals, industrial gases, and health care products, serving both Japanese and international markets. The company is divided into five segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment provides performance polymers, sustainable polymers, coatings, packaging films, carbon fiber materials, as well as solutions for semiconductors, electronics, and batteries.

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