Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Update

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 32,600 shares, anincreaseof121.8% from the June 30th total of 14,700 shares. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is currently 1.2 days.

Toray Industries Stock Performance

Shares of OTCMKTS TRYIY traded down $1.43 during mid-day trading on Friday, hitting $12.88. The company had a trading volume of 4,003 shares, compared to its average volume of 24,101. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.70 and a quick ratio of 1.10. The business's 50-day simple moving average is $13.59 and its 200-day simple moving average is $13.44. Toray Industries has a 12 month low of $9.66 and a 12 month high of $14.80. The firm has a market cap of $10.32 billion, a P/E ratio of 20.13 and a beta of 0.60.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.15 EPS for the quarter. Toray Industries had a net margin of 3.04% and a return on equity of 4.26%. As a group, analysts predict that Toray Industries will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRYIY has been the subject of several research reports. Nomura Securities upgraded shares of Toray Industries to a "hold" rating in a research note on Friday, June 6th. UBS Group cut shares of Toray Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.