Today’s Shorts Alert: Tor Minerals International Incorporated (NASDAQ:TORM) Has Increase in Shorts

November 18, 2016 - By Vivian Park   ·   0 Comments

Today's Shorts Alert: Tor Minerals International Incorporated (NASDAQ:TORM) Has Increase in Shorts

The stock of Tor Minerals International Incorporated (NASDAQ:TORM) registered an increase of 5.26% in short interest. TORM’s total short interest was 6,000 shares in November as published by FINRA. Its up 5.26% from 5,700 shares, reported previously. With 1,100 shares average volume, it will take short sellers 6 days to cover their TORM’s short positions. The short interest to Tor Minerals International Incorporated’s float is 0.32%. The stock increased 2.59% or $0.15 on November 17, hitting $5.95. TOR Minerals International Inc (NASDAQ:TORM) has risen 41.67% since April 18, 2016 and is uptrending. It has outperformed by 37.24% the S&P500.

TOR Minerals International, Inc. is a maker and seller of mineral products for use as pigments and extenders, primarily in the manufacture of paints, industrial coatings plastics, and solid surface applications. The company has a market cap of $22.41 million. The Company’s specialty mineral products, which include flame retardant and smoke suppressant fillers, engineered fillers, and titanium dioxide -color hybrid pigments, are designed for use in plastics, coatings, paints and catalysts applications, as well as a range of other industrial applications. It currently has negative earnings. The Firm and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic divisions, namely, United States, European and Asian.

Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.10, from 0.6 in 2016Q1. The ratio turned negative, as 1 funds sold all TOR Minerals International Inc shares owned while 4 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 340,195 shares or 3.14% less from 351,217 shares in 2016Q1.
Blackrock Fund Advsrs reported 263 shares or 0% of all its holdings. Blackrock Institutional Tru Na owns 78,876 shares or 0% of their US portfolio. Blackrock Advsr Limited Liability last reported 0% of its portfolio in the stock. Manufacturers Life Ins Communications The has 109 shares for 0% of their US portfolio. National Bank & Trust Of America Corp De reported 14 shares or 0% of all its holdings. Grt Prns Ltd Llc reported 32,366 shares or 0.03% of all its holdings. The New York-based Renaissance Techs Limited Co has invested 0% in TOR Minerals International Inc (NASDAQ:TORM). Tower Ltd Liability (Trc) accumulated 832 shares or 0% of the stock. Kennedy Capital has 61,561 shares for 0.01% of their US portfolio. Acadian Asset Management Lc last reported 68 shares in the company. First Wilshire Securities Mgmt Inc reported 103,913 shares or 0.14% of all its holdings. Deutsche National Bank Ag has 0% invested in the company for 1 shares. Vanguard Group last reported 46,192 shares in the company.

TORM Company Profile

TOR Minerals International, Inc., incorporated on December 28, 1973, is a maker and seller of mineral products for use as pigments and extenders, primarily in the manufacture of paints, industrial coatings plastics, and solid surface applications. The Company’s specialty mineral products, which include flame retardant and smoke suppressant fillers, engineered fillers, and titanium dioxide (TiO2)-color hybrid pigments, are designed for use in plastics, coatings, paints and catalysts applications, as well as a range of other industrial applications. The Company’s manufacturing plant in the United States is located in Corpus Christi, Texas. The Asian Operation, TOR Minerals Malaysia, Sdn. Bhd. (TMM), is located in Ipoh, Malaysia, and the European Operation, TOR Processing and Trade, BV (TPT), is located in Hattem, The Netherlands. HITOX, BARTEX, HALTEX, OPTILOAD and TIOPREM are the products produced at the manufacturing plant. TMM processes synthetic rutile (SR) into HITOX and TIOPREM. TPT is engaged in the manufacturing of alumina products ALUPREM and BAYRPREM for use across the world. The Firm and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic divisions, namely, United States, European and Asian. All the United States manufacturing is done at the facility located in Corpus Christi, Texas. Foreign manufacturing is done by the Company’s subsidiaries, TMM and TPT.

More notable recent TOR Minerals International Inc (NASDAQ:TORM) news were published by: Prnewswire.com which released: “TOR Minerals International to Report Third Quarter 2016 Financial Results” on October 24, 2016, also Prnewswire.com with their article: “TOR Minerals International Reports Third Quarter Financial Results” published on November 03, 2016, Businesswire.com published: “Global Magnesium Hydroxide Flame Retardant Chemical Market: 2015-2020 – Major …” on June 02, 2016. More interesting news about TOR Minerals International Inc (NASDAQ:TORM) were released by: Prnewswire.com and their article: “European Market for Flame Retardant Chemicals (2015-2020) – Expected to Reach …” published on February 29, 2016 as well as Prnewswire.com‘s news article titled: “Flame Retardant Chemicals: Technologies and Global Markets” with publication date: September 16, 2013.

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By Vivian Park


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