Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 944,797 shares, a decline of 43.6% from the April 30th total of 1,675,648 shares. Based on an average trading volume of 2,909 shares, the days-to-cover ratio is currently 324.8 days.
Mitsubishi Chemical Group Stock Performance
Shares of MTLHF stock remained flat at $6.79 on Wednesday. Mitsubishi Chemical Group has a twelve month low of $4.91 and a twelve month high of $7.25. The firm’s 50-day moving average is $6.54 and its 200-day moving average is $6.24.
About Mitsubishi Chemical Group
Mitsubishi Chemical Group Corporation (OTCMKTS: MTLHF) is a Japan-based integrated chemical manufacturer and holding company headquartered in Tokyo. As part of the broader Mitsubishi keiretsu, the company brings together a wide range of chemical businesses under one umbrella, focusing on innovation and sustainability to address global industrial and consumer needs.
The company’s core business activities are organized into several segments, including performance products, functional materials, health care, industrial gasses and energy, and petrochemicals.
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