Denka Company Limited (OTCMKTS:DENKF) Short Interest Up 56.7% in May
Denka Company Limited (OTCMKTS:DENKF – Get Rating) benefited from a sharp increase in short-term interest in May. As of May 15, there was short interest totaling 31,500 shares, an increase of 56.7% from the April 30 total of 20,100 shares. Based on an average trading volume of 400 shares, the short interest ratio is currently 78.8 days.
DENKF shares were up $0.12 during Friday trading hours, hitting $25.14. The company had a trading volume of 355 shares, compared to an average volume of 1,231 shares. The company’s fifty-day moving average price is $26.13 and its two-hundred-day moving average price is $29.57. Denka has a one-year low of $25.02 and a one-year high of $38.80.
About Denka (Get a rating)
Denka Company Limited manufactures and sells organic and inorganic materials to electronic and pharmaceutical materials in Japan and overseas. The Company’s Electronics & Innovative Products division provides lithium conductive agents for lithium-ion batteries, thermal materials and substrates, functional ceramics, films and tapes.
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