Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Up 47.2% in July

Key Points

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Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 48,000 shares, agrowthof47.2% from the July 15th total of 32,600 shares. Currently,0.0% of the company's shares are short sold. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 1.6 days. Currently,0.0% of the company's shares are short sold.

Toray Industries Trading Up 3.4%

Shares of OTCMKTS TRYIY opened at $13.41 on Tuesday. Toray Industries has a one year low of $9.86 and a one year high of $14.80. The firm has a market capitalization of $10.74 billion, a PE ratio of 23.12 and a beta of 0.60. The company has a current ratio of 1.70, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $13.50 and a two-hundred day moving average price of $13.41.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.09). The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.41 billion. Toray Industries had a net margin of 2.72% and a return on equity of 3.81%. As a group, analysts predict that Toray Industries will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Nomura Securities upgraded Toray Industries to a "hold" rating in a research report on Friday, June 6th. UBS Group lowered Toray Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th.

Toray Industries Company Profile

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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