Kuraray Co. (OTCMKTS:KURRY) Sees Significant Growth in Short Interest

Kuraray Co. (OTCMKTS:KURRY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 34 shares. Based on an average daily volume of 114 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Kuraray Price Performance

Shares of Kuraray stock remained flat at $32.94 during trading hours on Wednesday. 35 shares of the stock were exchanged, compared to its average volume of 32. The firm has a 50-day moving average price of $34.14 and a two-hundred day moving average price of $32.49. The stock has a market capitalization of $3.32 billion, a P/E ratio of 62.16 and a beta of 0.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.45. Kuraray has a fifty-two week low of $27.64 and a fifty-two week high of $38.00.

Kuraray Company Profile

Kuraray Co, Ltd. is a Japan-based specialty chemicals company that develops and manufactures performance materials for industrial and consumer applications. Its businesses focus on creating materials that provide properties such as strength, barrier protection, durability, and chemical resistance.

The company’s products include polyvinyl alcohol (PVA) resins and films, ethylene vinyl alcohol copolymers marketed under the EVAL brand, and PVB resins and films used in laminated glass. Kuraray also produces synthetic fibers, man-made leather, activated carbon, dental materials, and other specialty chemicals and materials.

Founded in 1926, Kuraray has expanded from its origins in rayon production into a diversified specialty materials business.