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

TOR Minerals International Inc (OTCMKTS:TORM) was the target of a large growth in short interest in 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 presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

TOR Minerals International Price Performance

OTCMKTS:TORM traded down $0.02 during trading hours on Friday, hitting $2.01. The stock had a trading volume of 350 shares, compared to its average volume of 4,309. The company has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $1.53. The firm has a market capitalization of $7.12 million, a price-to-earnings ratio of -33.50 and a beta of 0.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.28 and a quick ratio of 1.90. TOR Minerals International has a one year low of $0.77 and a one year high of $2.33.

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