Short Interest in Daicel Co. (OTCMKTS:DACHF) Declines By 59.1%

Daicel Co. (OTCMKTS:DACHF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 62,561 shares, a drop of 59.1% from the June 15th total of 152,782 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ? days.

Daicel Stock Performance

Shares of OTCMKTS DACHF opened at $8.00 on Wednesday. Daicel has a 1-year low of $8.00 and a 1-year high of $8.49. The stock’s 50-day moving average is $8.00 and its two-hundred day moving average is $8.25.

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.