UBE Co. (OTCMKTS:UBEOF) Sees Large Decline in Short Interest

UBE Co. (OTCMKTS:UBEOF) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 19,300 shares, a decline of 48.0% from the March 31st total of 37,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 193.0 days.

UBE Price Performance

Shares of UBE stock remained flat at $17.45 during trading on Friday. The firm’s 50-day simple moving average is $16.97 and its 200-day simple moving average is $16.10. UBE has a 52-week low of $17.45 and a 52-week high of $17.45.

UBE Company Profile

UBE Corporation, together with its subsidiaries, engages in the chemicals, construction materials, and machinery businesses in Japan, North America, Europe, Africa, the Middle East, Thailand, India, Latin America, and internationally. It offers synthetic rubber, engineering plastics, caprolactam, industrial chemicals, liquefied gas, polyethylene, ammonium sulfate, polyimide, battery materials, separation membranes, fine chemicals, ceramics, high purity chemicals, semiconductor gas products, and products for polyurethane resins.