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

Kuraray Co. (OTCMKTS:KURRY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 6 shares, a drop of 90.8% from the May 31st total of 65 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,416 shares, the short-interest ratio is currently 0.0 days.

Kuraray Price Performance

Shares of OTCMKTS KURRY remained flat at $30.96 during trading on Friday. 29 shares of the stock were exchanged, compared to its average volume of 702. The company has a market cap of $3.12 billion, a P/E ratio of 119.08 and a beta of -0.01. The business’s fifty day moving average price is $31.32 and its 200-day moving average price is $31.73. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.27. Kuraray has a twelve month low of $27.64 and a twelve month high of $40.25.

Kuraray (OTCMKTS:KURRY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.62 earnings per share for the quarter. Kuraray had a net margin of 0.44% and a return on equity of 4.65%. The business had revenue of $1.28 billion during the quarter.

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.