Kuraray Co. (OTCMKTS:KURRY) Short Interest Down 46.3% in May

Kuraray Co. (OTCMKTS:KURRY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 22 shares, a decline of 46.3% from the April 30th total of 41 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 106 shares, the short-interest ratio is presently 0.2 days.

Kuraray Price Performance

Shares of KURRY remained flat at $32.52 during mid-day trading on Monday. 23 shares of the stock traded hands, compared to its average volume of 84. The firm has a market capitalization of $3.34 billion, a P/E ratio of 125.08 and a beta of -0.01. Kuraray has a one year low of $27.64 and a one year high of $40.25. The stock has a 50 day moving average of $32.00 and a 200-day moving average of $31.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.53.

Kuraray (OTCMKTS:KURRY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.62 EPS for the quarter. Kuraray had a net margin of 0.44% and a return on equity of 4.58%. The business 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.