TOR Minerals International Inc (OTCMKTS:TORM) Sees Large Growth in Short Interest

TOR Minerals International Inc (OTCMKTS:TORM) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,243 shares, a growth of ∞ from the July 30th total of 0 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,739 shares, the days-to-cover ratio is currently 0.7 days.

TOR Minerals International Stock Performance

Shares of OTCMKTS:TORM opened at $2.34 on Monday. The stock has a market capitalization of $8.28 million, a PE ratio of -234.00 and a beta of 0.25. TOR Minerals International has a 1 year low of $0.77 and a 1 year high of $2.49. The firm has a fifty day moving average price of $2.21 and a 200 day moving average price of $1.82. The company has a current ratio of 4.94, a quick ratio of 2.40 and a debt-to-equity ratio of 0.05.

TOR Minerals International (OTCMKTS:TORM) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $0.03 EPS for the quarter. TOR Minerals International had a negative net margin of 2.53% and a negative return on equity of 5.24%. The firm had revenue of $6.49 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.