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

Kuraray Co. (OTCMKTS:KURRY) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 65 shares, an increase of 195.5% from the May 14th total of 22 shares. Based on an average daily volume of 245 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Kuraray Price Performance

KURRY opened at $30.96 on Friday. The stock’s 50-day moving average price is $31.65 and its 200 day moving average price is $31.59. Kuraray has a 12-month low of $27.64 and a 12-month high of $40.25. The company has a current ratio of 2.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 119.08 and a beta of -0.01.

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

About Kuraray

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.