Daicel Corporation (OTCMKTS:DACHF) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 1,388,200 shares, a drop of 17.8% from the August 31st total of 1,689,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 13,882.0 days.
DACHF stock remained flat at $$7.60 during trading on Friday. The firm has a 50 day simple moving average of $8.71 and a 200-day simple moving average of $9.32. Daicel has a 52-week low of $7.60 and a 52-week high of $7.60.
Daicel Company Profile
Daicel Corporation manufactures and sells cellulosic derivatives, organic chemicals, plastics, pyrotechnic devices, and other products in Japan, China, other Asian regions, North America, Europe, and internationally. The company provides cellulose acetate for LCD optical films, acetate fiber, plastics, separation membranes, photographic films and X-ray films, LCD polarizing panels protective films, cosmetics, paints, binders for adhesives, and inks; acetate tow for cigarette filters; carboxymethyl cellulose, hydroxyethyl cellulose, and microfibrillated fibers for use in foods, medicines, cosmetics, and electronic materials; and cellulose plastics for glass frames, toys, and writing instruments.
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