Kuraray Co. (OTCMKTS:KURRY) Stock Short Interest Rises 600.0%

Kuraray Co. (OTCMKTS:KURRY) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 7 shares, a growth of 600.0% from the October 15th total of 1 shares. Based on an average daily volume of 46 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Kuraray Price Performance

KURRY stock remained flat at $36.93 during midday trading on Thursday. 112 shares of the company’s stock traded hands, compared to its average volume of 54. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 69.68 and a beta of 0.05. The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Kuraray has a 12-month low of $27.64 and a 12-month high of $38.00. The business has a 50-day moving average price of $33.43 and a 200-day moving average price of $32.79.

Kuraray (OTCMKTS:KURRY) last released its earnings results on Wednesday, November 11th. The company reported $1.70 earnings per share for the quarter. Kuraray had a return on equity of 5.37% and a net margin of 0.92%. The firm had revenue of $1.33 billion for the quarter.

Kuraray Company Profile

Kuraray Co., Ltd. is a Japanese specialty chemicals and materials company that develops and manufactures products for industrial and consumer applications. Its portfolio includes polyvinyl alcohol (PVA) resin and fiber, ethylene vinyl alcohol (EVOH) resin, synthetic leather, activated carbon, and specialty chemicals. The company’s materials are used in applications such as packaging, automotive components, construction, electronics, water treatment, and healthcare. Kuraray also produces functional resins, elastomers, fibers, and other performance materials, including products sold under brands such as EVAL, KURALON, and CLARINO.