Daicel Co. (OTCMKTS:DACHF – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 152,782 shares, a decline of 76.8% from the May 31st total of 658,317 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Daicel Price Performance
Shares of DACHF stock opened at $8.00 on Friday. Daicel has a 12-month low of $8.00 and a 12-month high of $8.49. The business’s fifty day simple moving average is $8.01 and its 200-day simple moving average is $8.29.
About Daicel
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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