Daicel Co. (OTCMKTS:DACHF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 133,401 shares, an increase of 297.4% from the August 15th total of 33,567 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.
Daicel Price Performance
Shares of DACHF remained flat at $9.38 during trading on Friday. Daicel has a 1 year low of $8.00 and a 1 year high of $9.38. The firm’s fifty day simple moving average is $8.28 and its 200 day simple moving average is $8.22.
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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