UBE Co. (OTCMKTS:UBEOF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 428,051 shares, a decrease of 35.0% from the May 14th total of 658,099 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.
UBE Price Performance
Shares of OTCMKTS UBEOF opened at $15.29 on Tuesday. UBE has a one year low of $15.29 and a one year high of $15.55. The business’s fifty day moving average price is $15.28 and its 200-day moving average price is $15.29.
About UBE
UBE Industries, Ltd. is a diversified Japanese manufacturer with operations spanning chemicals, plastics, cement, machinery, energy and environment, and pharmaceuticals. The company produces a wide range of chemical and polymer products, including caprolactam, synthetic rubber, polyimide carbon fiber and various performance resins. In its cement segment, UBE manufactures and sells cement, ready‐mixed concrete and construction materials, while its machinery division designs and builds industrial machinery for chemical processing, environmental management and agricultural applications.
In the pharmaceutical arena, UBE develops and markets both active pharmaceutical ingredients (APIs) and finished dosage forms, focusing on therapies such as muscle relaxants and anti‐viral agents.
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