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

Toray Industries Inc. (OTCMKTS:TRYIY) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,037 shares, a drop of 53.0% from the July 15th total of 17,090 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,962 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Toray Industries to a “hold” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Toray Industries Stock Performance

Shares of OTCMKTS:TRYIY opened at $16.95 on Friday. The business has a fifty day moving average of $14.66 and a 200-day moving average of $14.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.78. Toray Industries has a twelve month low of $11.70 and a twelve month high of $17.51. The firm has a market cap of $12.75 billion, a PE ratio of 20.66 and a beta of 0.50.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. On average, equities research analysts predict that Toray Industries will post 0.79 EPS for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.