Kuraray Co. (OTCMKTS:KURRY) Shares Shorted: Short Interest Down 83.3% in October

Kuraray Co. (OTCMKTS:KURRY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1 shares, a decline of 83.3% from the September 30th total of 6 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 21 shares, the short-interest ratio is presently 0.0 days.

Kuraray Stock Performance

KURRY stock remained flat at $32.94 during midday trading on Thursday. The business’s fifty day moving average price is $33.51 and its two-hundred day moving average price is $32.57. Kuraray has a twelve month low of $27.64 and a twelve month high of $38.00. The firm has a market capitalization of $3.32 billion, a PE ratio of 62.16 and a beta of 0.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 2.63.

About Kuraray

Kuraray Co, Ltd. is a Japanese specialty chemicals company headquartered in Tokyo. Founded in 1926 as Kurashiki Rayon Co, Ltd., the company initially developed rayon and later expanded into advanced materials and chemical products. It adopted the Kuraray name in 1986.

The company produces materials used in packaging, automotive components, construction, electronics, healthcare and other industrial applications. Its product portfolio includes polyvinyl alcohol (PVA) resins and films, ethylene vinyl alcohol (EVAL) copolymers, polyvinyl butyral (PVB) films, activated carbon, thermoplastic elastomers, methacrylate products, isoprene-related chemicals, synthetic fibers and dental materials.

Kuraray serves customers through manufacturing, research and sales operations in Japan and international markets, including North America, Europe and Asia.