Daicel Co. (OTCMKTS:DACHF) Short Interest Up 297.4% in August

Daicel Co. (OTCMKTS:DACHF) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 133,401 shares, a growth of 297.4% from the August 15th total of 33,567 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ? days.

Daicel Price Performance

DACHF opened at $9.38 on Monday. The business’s fifty day simple moving average is $8.28 and its 200 day simple moving average is $8.22. Daicel has a 52 week low of $8.00 and a 52 week high of $9.38.

Daicel Company Profile

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.