TOR Minerals International Inc (OTCMKTS:TORM) Sees Large Growth in Short Interest

TOR Minerals International Inc (OTCMKTS:TORM) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 169 shares, an increase of 119.5% from the April 30th total of 77 shares. Based on an average daily volume of 24,362 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

TOR Minerals International Price Performance

Shares of TORM traded up $0.05 during midday trading on Tuesday, hitting $2.33. The company’s stock had a trading volume of 1,857 shares, compared to its average volume of 10,302. TOR Minerals International has a one year low of $0.77 and a one year high of $2.33. The company’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.32. The company has a quick ratio of 1.90, a current ratio of 4.28 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $8.25 million, a price-to-earnings ratio of -38.83 and a beta of 0.21.

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