Short Interest in Denka Company Limited (OTCMKTS:DENKF) Expands By 63.6%

Denka Company Limited (OTCMKTS:DENKFGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,225,775 shares, an increase of 63.6% from the April 30th total of 749,189 shares. Based on an average daily volume of 3 shares, the days-to-cover ratio is presently 408,591.7 days.

Denka Stock Performance

OTCMKTS:DENKF opened at $18.24 on Friday. Denka has a twelve month low of $17.75 and a twelve month high of $18.24. The stock has a fifty day simple moving average of $18.24 and a 200-day simple moving average of $18.20.

Denka Company Profile

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Denka Company Limited is a Tokyo‐based specialty chemical manufacturer with roots dating back to its founding in 1915. Originally established as Denki Kagaku Kogyo, the company has grown into a diversified supplier of high‐performance materials and chemical products. Denka serves a broad spectrum of industries, including automotive, electronics, construction, agriculture and water treatment, leveraging over a century of evolving expertise in polymer chemistry and advanced materials science.

The company’s core offerings are organized into several business segments.

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