Short Interest in Kuraray Co. (OTCMKTS:KURRY) Declines By 46.3%

Kuraray Co. (OTCMKTS:KURRY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 22 shares, a decrease of 46.3% from the April 30th total of 41 shares. Based on an average trading volume of 106 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Kuraray Stock Performance

Shares of KURRY traded up $1.24 during mid-day trading on Wednesday, hitting $29.25. The company’s stock had a trading volume of 116 shares, compared to its average volume of 545. The firm has a market capitalization of $3.00 billion, a PE ratio of 112.50 and a beta of -0.03. Kuraray has a one year low of $27.64 and a one year high of $40.25. The stock’s 50-day moving average is $31.99 and its two-hundred day moving average is $31.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.53.

Kuraray (OTCMKTS:KURRY) last issued its earnings results on Wednesday, May 13th. The company reported $0.62 EPS for the quarter. The firm had revenue of $1.28 billion during the quarter. Kuraray had a return on equity of 4.58% and a net margin of 0.44%.

Kuraray Company Profile

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.