Daicel Co. (OTCMKTS:DACHF) Short Interest Down 59.1% in June

Daicel Co. (OTCMKTS:DACHF) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 62,561 shares, a decline of 59.1% from the June 15th total of 152,782 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Daicel Price Performance

Shares of OTCMKTS:DACHF remained flat at $8.00 during trading on Tuesday. Daicel has a 1 year low of $8.00 and a 1 year high of $8.49. The stock’s 50-day moving average price is $8.00 and its 200-day moving average price is $8.26.

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.