Mitsubishi Chemical Group Co. Sees Major Drop in Short Interest for February

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report) experienced a notable decrease in its short interest during February. By February 15th, the total short interest was reported at only 100 shares, reflecting a substantial drop of 50.0% compared to 200 shares at the end of January. Given that the average trading volume stands at 600 shares, the current days-to-cover ratio is 0.2 days.

Mitsubishi Chemical Group Stock Performance

During midday trading on Friday, Mitsubishi Chemical Group (OTCMKTS:MTLHY) remained stable at $26.60. The trading volume for the day was merely 1 share, while the average volume typically hovers around 819 shares. The stock's 50-day simple moving average is $25.52, with a 200-day simple moving average of $27.72. Mitsubishi Chemical Group has a market capitalization of $7.57 billion, a price-to-earnings (P/E) ratio of 15.47, and a beta of 0.38. The stock reached a 52-week low of $23.77 and a high of $34.45 over the same period. Additionally, the company has a quick ratio of 0.82, a current ratio of 1.31, and a debt-to-equity ratio of 0.69.

The company recently released its quarterly earnings on February 6th, reporting earnings per share of $0.43. Mitsubishi Chemical Group also posted a return on equity of 3.18% and a net margin of 1.66%.

Mitsubishi Chemical Group Overview

Mitsubishi Chemical Group Corporation operates globally, providing a diverse range of products that include performance products, chemicals, industrial gases, and health care items. The company is organized into five key segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment focuses on offering a variety of products, including performance polymers, coatings, packaging films, engineering solutions, and materials for the semiconductor and electronics industries.

Investment Considerations

Before deciding on an investment in Mitsubishi Chemical Group, it's essential to conduct thorough research. While the stock is currently rated as a Hold by analysts, some recommend considering alternative investments that show potential for greater returns.

Mitsubishi, Stocks, Investment