Short Interest in Toray Industries Inc. (OTCMKTS:TRYIY) Increases By 174.0%

Toray Industries Inc. (OTCMKTS:TRYIY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 189,152 shares, an increase of 174.0% from the August 15th total of 69,030 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 55,330 shares, the short-interest ratio is currently 3.4 days.

Toray Industries Trading Up 3.5%

OTCMKTS:TRYIY opened at $16.18 on Friday. The firm has a 50-day simple moving average of $15.39 and a 200-day simple moving average of $14.77. Toray Industries has a one year low of $11.70 and a one year high of $17.51. The firm has a market cap of $12.17 billion, a P/E ratio of 19.73 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.87.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. Equities analysts anticipate that Toray Industries will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Toray Industries to a “hold” rating in a research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Toray Industries Company Profile

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.