Toray Industries, Inc. (OTCMKTS:TRYIY) Sees Significant Increase in Short Interest

Toray Industries, Inc. (OTCMKTS:TRYIY - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 57,800 shares, an increase of 88.9% from the May 15th total of 30,600 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 49,600 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Toray Industries to a "hold" rating in a report on Friday, June 6th.

Toray Industries Trading Down 1.8%

TRYIY opened at $13.24 on Friday. The stock's 50-day moving average price is $13.14 and its 200 day moving average price is $13.22. Toray Industries has a 12-month low of $9.06 and a 12-month high of $14.80. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 32.29 and a beta of 0.58.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). Toray Industries had a return on equity of 2.62% and a net margin of 1.97%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, research analysts forecast that Toray Industries will post 0.73 earnings per share for the current year.

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.

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