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

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

Kuraray Trading Up 4.9%

Shares of KURRY stock opened at $36.93 on Wednesday. The company’s 50-day moving average price is $33.37 and its 200-day moving average price is $32.76. The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 69.68 and a beta of 0.05. Kuraray has a twelve month low of $27.64 and a twelve month high of $38.00.

About Kuraray

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.