Kuraray Co. (OTCMKTS:KURRY) Stock Short Interest Drops 82.4%

Kuraray Co. (OTCMKTS:KURRY) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6 shares, a decrease of 82.4% from the September 15th total of 34 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 18 shares, the short-interest ratio is currently 0.3 days.

Kuraray Price Performance

Shares of OTCMKTS:KURRY remained flat at $32.94 during midday trading on Friday. 35 shares of the company traded hands, compared to its average volume of 21. The business has a 50 day moving average of $34.37 and a 200-day moving average of $32.51. The firm has a market capitalization of $3.32 billion, a P/E ratio of 62.16 and a beta of 0.03. The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Kuraray has a twelve month low of $27.64 and a twelve month high of $38.00.

About Kuraray

Kuraray Co, Ltd. is a Japan-based specialty chemicals company that develops and manufactures performance materials for industrial and consumer applications. Its products are used in areas including packaging, automotive components, construction, electronics, water treatment, medical products and other specialized markets.

The company’s portfolio includes polyvinyl alcohol (PVOH) resins and films, ethylene vinyl alcohol copolymers marketed under the EVAL name, polyvinyl butyral products, methacrylate-related materials, activated carbon and synthetic fibers.