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

Toray Industries Inc. (OTCMKTS:TRYIY) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,050 shares, a decrease of 98.4% from the August 31st total of 189,152 shares. Based on an average daily volume of 56,170 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Toray Industries Price Performance

OTCMKTS:TRYIY traded down $0.10 during trading hours on Thursday, reaching $15.72. The company had a trading volume of 19,198 shares, compared to its average volume of 31,135. The company has a quick ratio of 1.19, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $15.67 and a two-hundred day moving average of $14.73. Toray Industries has a one year low of $11.70 and a one year high of $17.51. The firm has a market capitalization of $11.83 billion, a PE ratio of 19.17 and a beta of 0.51.

Toray Industries (OTCMKTS:TRYIY) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. Analysts forecast that Toray Industries will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

About Toray Industries

Toray Industries, Inc is a Japanese chemicals and advanced materials company founded in 1926. The company develops and manufactures products based on polymer chemistry, organic synthesis, biotechnology and nanotechnology for industrial and consumer applications.

Its businesses include synthetic fibers and textiles, engineering plastics, resin products, films, chemicals, carbon fiber and carbon-fiber composite materials, as well as electronic and information-related materials. Toray also provides water-treatment products, including reverse-osmosis membranes and other separation technologies, and develops pharmaceutical and medical products.

Toray serves customers in industries such as aerospace, automotive, electronics, construction, energy, healthcare and apparel.