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

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

TOR Minerals International Stock Down 1.0%

Shares of TORM traded down $0.02 during trading hours on Friday, reaching $2.01. The stock had a trading volume of 350 shares, compared to its average volume of 2,187. The firm has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $1.54. TOR Minerals International has a 12 month low of $0.77 and a 12 month high of $2.33. The company has a current ratio of 4.28, a quick ratio of 1.90 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7.12 million, a price-to-earnings ratio of -33.50 and a beta of 0.24.

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

TOR Minerals International Company Profile

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.