Short Interest in TOR Minerals International Inc (OTCMKTS:TORM) Grows By 119.5%

TOR Minerals International Inc (OTCMKTS:TORM) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 169 shares, an increase of 119.5% from the April 30th total of 77 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 24,362 shares, the short-interest ratio is presently 0.0 days.

TOR Minerals International Trading Up 2.7%

Shares of TORM traded up $0.06 during mid-day trading on Friday, reaching $2.28. 5,111 shares of the company’s stock traded hands, compared to its average volume of 10,196. The stock has a market cap of $8.07 million, a P/E ratio of -38.00 and a beta of 0.01. The stock’s 50-day moving average is $1.57 and its two-hundred day moving average is $1.32. TOR Minerals International has a 12 month low of $0.77 and a 12 month high of $2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.28 and a quick ratio of 1.90.

TOR Minerals International (OTCMKTS:TORM) last issued its quarterly earnings results on Friday, May 8th. The specialty chemicals company reported $0.04 earnings per share for the quarter. TOR Minerals International had a negative return on equity of 6.15% and a negative net margin of 3.03%.The firm had revenue of $5.93 million for the quarter.

About TOR Minerals International

TOR Minerals International, Inc (OTCMKTS:TORM) is a Canada-based provider of specialty chemical reagents for mineral processing. Headquartered in St. John’s, Newfoundland and Labrador, the company develops and manufactures a suite of flotation reagents, including collectors, frothers, depressants, activators and modifiers that aid in the efficient separation of base metals, precious metals and coal. TOR Minerals applies proprietary formulation technology to tailor reagent performance for specific ore types and operational conditions.

Since its incorporation in 2003, TOR Minerals has grown into a global supplier, with manufacturing and blending facilities strategically located in North America, South America, Europe and Asia Pacific.