TOR Minerals International Inc (OTCMKTS:TORM) Sees Significant Drop in Short Interest

TOR Minerals International Inc (OTCMKTS:TORMGet Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 77 shares, a drop of 92.8% from the April 15th total of 1,064 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,345 shares, the days-to-cover ratio is presently 0.0 days.

TOR Minerals International Stock Performance

OTCMKTS:TORM remained flat at $2.10 during trading hours on Wednesday. The company’s stock had a trading volume of 1,125 shares, compared to its average volume of 7,738. TOR Minerals International has a 52 week low of $0.77 and a 52 week high of $2.25. The business’s 50-day simple moving average is $1.38 and its two-hundred day simple moving average is $1.23. The company has a current ratio of 3.96, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The firm has a market cap of $7.43 million, a P/E ratio of -13.13 and a beta of 0.01.

TOR Minerals International (OTCMKTS:TORMGet Free Report) last released its earnings results on Friday, May 8th. The specialty chemicals company reported $0.04 earnings per share for the quarter. The business had revenue of $5.93 million for the quarter. TOR Minerals International had a negative return on equity of 6.14% and a negative net margin of 3.03%.

TOR Minerals International Company Profile

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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.

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