Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) Sees Large Growth in Short Interest

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,686,196 shares, a growth of 78.5% from the May 14th total of 944,797 shares. Based on an average trading volume of 444 shares, the short-interest ratio is presently 3,797.7 days.

Mitsubishi Chemical Group Stock Performance

Shares of OTCMKTS MTLHF remained flat at $6.26 during midday trading on Tuesday. The company’s stock had a trading volume of 9,300 shares, compared to its average volume of 1,117. The business’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.32. Mitsubishi Chemical Group has a 12 month low of $4.91 and a 12 month high of $7.25.

Mitsubishi Chemical Group Company Profile

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.