Kuraray Co., Ltd. (OTCMKTS:KURRY) Short Interest Down 21.4% in August

Kuraray Co., Ltd. (OTCMKTS:KURRY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decline of 21.4% from the August 15th total of 1,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 11.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Kuraray from a “neutral” rating to a “buy” rating in a report on Thursday, August 17th.

Kuraray Stock Performance

Shares of OTCMKTS:KURRY traded up $0.16 during trading on Monday, reaching $35.41. The company had a trading volume of 1,300 shares, compared to its average volume of 622. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 8.31 and a beta of 0.50. The stock’s fifty day moving average price is $31.15 and its 200 day moving average price is $28.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 1.46. Kuraray has a fifty-two week low of $20.57 and a fifty-two week high of $35.41.

Kuraray (OTCMKTS:KURRY) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share (EPS) for the quarter. Kuraray had a return on equity of 9.19% and a net margin of 6.68%. The business had revenue of $1.43 billion during the quarter.

Kuraray Company Profile

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.