Short Interest in Kuraray Co. (OTCMKTS:KURRY) Drops By 46.3%

Kuraray Co. (OTCMKTS:KURRY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 22 shares, a drop of 46.3% from the April 30th total of 41 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 106 shares, the days-to-cover ratio is presently 0.2 days.

Kuraray Stock Performance

Shares of OTCMKTS KURRY traded down $4.51 during midday trading on Tuesday, reaching $28.01. 1,809 shares of the company were exchanged, compared to its average volume of 558. The company has a current ratio of 2.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. Kuraray has a 1 year low of $27.64 and a 1 year high of $40.25. The stock has a fifty day simple moving average of $31.99 and a 200 day simple moving average of $31.59. The stock has a market cap of $2.88 billion, a P/E ratio of 107.73 and a beta of -0.01.

Kuraray (OTCMKTS:KURRY) last released its quarterly 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.