Daicel Co. (OTCMKTS:DACHF – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 152,782 shares, a decline of 76.8% from the May 31st total of 658,317 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Daicel Stock Performance
OTCMKTS:DACHF opened at $8.00 on Monday. The company has a fifty day moving average of $8.01 and a two-hundred day moving average of $8.29. Daicel has a fifty-two week low of $8.00 and a fifty-two week high of $8.49.
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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