Short Interest in Tosoh (OTCMKTS:TOSCF) Drops By 37.6%

Tosoh (OTCMKTS:TOSCF) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 458,190 shares, a decline of 37.6% from the July 30th total of 733,790 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Tosoh Price Performance

TOSCF stock opened at $16.00 on Wednesday. Tosoh has a fifty-two week low of $16.00 and a fifty-two week high of $17.25. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 14.16 and a beta of 0.19. The business’s 50 day moving average price is $16.00 and its two-hundred day moving average price is $16.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.56 and a current ratio of 2.25.

Tosoh (OTCMKTS:TOSCF) last released its earnings results on Tuesday, August 4th. The company reported $0.42 EPS for the quarter. Tosoh had a return on equity of 8.10% and a net margin of 5.12%.The company had revenue of $1.72 billion during the quarter.

About Tosoh

Tosoh Corporation, founded in 1935 and headquartered in Tokyo, Japan, is a diversified chemical company known for its production of basic and specialty chemicals. Originally established as Toyo Soda Manufacturing Co, Ltd., the company adopted the Tosoh name in 1987 to reflect its growing range of operations. Over the decades, Tosoh has expanded its footprint through a combination of research-driven product development and strategic international partnerships.

The company’s portfolio is organized around core business segments that include chlor-alkali and derivatives, specialty plastics and polymer materials, advanced ceramics, electronic materials, and life science products.