Delta Technology Holdings Limit (NASDAQ:DELT) Closed Much Higher Than Its 50 Day Moving Average


Shares of the company are trading at $1.39 quite a bit higher than $1.19, the stock’s 50 day moving average and which is much lower than the 200 day moving average of $1.59. The 50 day moving average was up $0.20 or +16.69% and the 200 day average was down $-0.20. Trading was light with 3,050 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 98.66% under the normal average daily volume.

Traders are feeling more bullish on Delta Technology Holdings Limit lately if you take into consideration the motion in short interest. The firm realized a fall in short interest of -43.76% as of September 29, 2017 from the last reporting period. Short interest decreased from 35,417 to 19,918 over that period. With short interest at 19,918 and short average daily volume at 50,407, the short-interest ratio is 0.0 and the short interest percentage is 0.00% as of September 29.

These funds have shifted positions in (DELT). As of quarter end Ionic Capital Management LLC had disposed of 21,044 shares trimming its holdings by 56.5%. The value of the investment in (DELT) decreased from $60,000 to $28,000 a change of $32,000 since the last quarter. Citadel Advisors LLC grew its position by buying 15,363 shares an increase of 75.2%. Citadel Advisors LLC controls 35,798 shares worth $62,000. The value of the position overall is up by 87.9%.

Two Sigma Securities, LLC bolstered its investment by buying 6,239 shares an increase of 57.5% from 03/31/2017 to 06/30/2017. Two Sigma Securities, LLC currently owns 17,085 shares with a value of $30,000. The total value of its holdings increased 76.5%. Ubs Group Ag divested its stake by shedding 3,782 shares a decrease of 28.9% as of 06/30/2017. Ubs Group Ag claims 9,304 shares valued at $16,000. The value of the position overall is down by 23.8%.

Delta Technology Holdings Limited, launched on November 28, 2011, is a holding company. The Company is a chemical manufacturer, which is involved in manufacturing and selling of organic compounds, including para-chlorotoluene (PCT), ortho-chlorotoluene (OCT), PCT/OCT downstream products, unsaturated polyester resin (UPR), maleic acid (MA) and other by-product chemicals, and distributing fine and specialty chemicals to end application markets, including automotive, pharmaceutical, agrochemical, dye and pigments, aerospace, ceramics, coating-printing, clean energy and food additives. The Business’s products are PCT/OCT and UPR. The PCT/OCT products together with its downstream products can be used in pharmaceuticals, pesticides, dyes and consumables manufacturing industries. UPR is used as renovation material for bathroom and kitchen; manufacturing materials for trains, cars, aircrafts and vessels, and infrastructure materials, such as anti-collusion pipes and oil and gas pipelines..