Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) Sees 50% Drop in Short Interest in February

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) experienced a notable decrease in short interest throughout February. As of February 15th, the total short interest stood at 100 shares, which represents a 50% decline from the 200 shares reported on January 31st. Given the average daily trading volume of 600 shares, the current days-to-cover ratio is calculated to be 0.2 days.

Mitsubishi Chemical Group Price Performance

On Friday, Mitsubishi Chemical Group's stock remained stable at $26.60 during midday trading. The trading volume was merely 1 share, in contrast to the average volume of 819 shares. The company’s 50-day simple moving average is at $25.52, while the 200-day simple moving average is $27.72. With a market capitalization of $7.57 billion, Mitsubishi Chemical Group has a price-to-earnings (P/E) ratio of 15.47 and a beta value of 0.38. Over the past year, the stock hit a low of $23.77 and a high of $34.45. Financial ratios reveal a quick ratio of 0.82, a current ratio of 1.31, and a debt-to-equity ratio of 0.69.

Recently, Mitsubishi Chemical Group reported its quarterly earnings on February 6th. The company announced earnings per share (EPS) of $0.43 for the quarter. In addition, their return on equity was recorded at 3.18%, with a net margin of 1.66%.

Mitsubishi Chemical Group Company Profile

Mitsubishi Chemical Group Corporation is involved in the production of performance products, chemicals, industrial gases, healthcare products, and other goods. The company operates on a global scale and is segmented into five main areas: Specialty Materials, Industrial Gases, Healthcare, MMA, and Basic Materials. Within the Specialty Materials segment, the company provides various products including performance polymers, coatings, packaging films, and engineering plastics, among others.

Call to Action for Investors

Before considering an investment in Mitsubishi Chemical Group, it is prudent to do thorough research. Analysts frequently evaluate and recommend stocks based on various metrics, and it is suggested that potential investors check for better-rated stocks in the market.

Mitsubishi, Stocks, Short