Short Interest in TOR Minerals International Inc (OTCMKTS:TORM) Rises By 2,474.1%

TOR Minerals International Inc (OTCMKTS:TORM) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 695 shares, an increase of 2,474.1% from the June 15th total of 27 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,851 shares, the days-to-cover ratio is presently 0.4 days.

TOR Minerals International Stock Performance

Shares of OTCMKTS:TORM traded down $0.02 during midday trading on Friday, reaching $2.01. 350 shares of the company traded hands, compared to its average volume of 4,309. The firm’s fifty day moving average price is $2.05 and its two-hundred day moving average price is $1.53. The firm has a market capitalization of $7.12 million, a price-to-earnings ratio of -33.50 and a beta of 0.24. The company has a quick ratio of 1.90, a current ratio of 4.28 and a debt-to-equity ratio of 0.05. TOR Minerals International has a 12 month low of $0.77 and a 12 month high of $2.33.

TOR Minerals International (OTCMKTS:TORM) last issued its earnings results on Friday, May 8th. The specialty chemicals company reported $0.04 EPS for the quarter. The business had revenue of $5.93 million during the quarter. TOR Minerals International had a negative return on equity of 6.15% and a negative net margin of 3.03%.

About TOR Minerals International

TOR Minerals International, Inc (OTCMKTS:TORM) is a Canada-based provider of specialty chemical reagents for mineral processing. Headquartered in St. John’s, Newfoundland and Labrador, the company develops and manufactures a suite of flotation reagents, including collectors, frothers, depressants, activators and modifiers that aid in the efficient separation of base metals, precious metals and coal. TOR Minerals applies proprietary formulation technology to tailor reagent performance for specific ore types and operational conditions.

Since its incorporation in 2003, TOR Minerals has grown into a global supplier, with manufacturing and blending facilities strategically located in North America, South America, Europe and Asia Pacific.