Tosoh (OTCMKTS:TOSCF) Shares Shorted: Short Interest Up 277.6% in October

Tosoh (OTCMKTS:TOSCF) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 566,877 shares, an increase of 277.6% from the October 15th total of 150,140 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Tosoh Stock Performance

Shares of Tosoh stock opened at $15.76 on Thursday. Tosoh has a 12 month low of $15.76 and a 12 month high of $16.00. The firm has a market capitalization of $5.02 billion, a P/E ratio of 12.51 and a beta of 0.25. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $16.28.

Tosoh (OTCMKTS:TOSCF) last released its earnings results on Thursday, November 5th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $1.92 billion for the quarter. Tosoh had a net margin of 5.55% and a return on equity of 6.66%.

About Tosoh

Tosoh Corporation is a Japanese chemical company founded in 1935 as Toyo Soda Manufacturing. The company adopted the Tosoh name in 1987 and is headquartered in Tokyo. Tosoh produces basic chemicals, including caustic soda, chlorine and vinyl chloride monomer, as well as petrochemical products. Its specialty products include materials used in areas such as life sciences, healthcare, electronics and environmental applications. The company also supplies diagnostic instruments and reagents, including products for clinical testing, and provides engineering and plant-related services.