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

Toray Industries Inc. (OTCMKTS:TRYIY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 69,030 shares, an increase of 758.9% from the July 30th total of 8,037 shares. Based on an average daily volume of 38,078 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Toray Industries Trading Down 1.5%

Shares of TRYIY stock opened at $15.92 on Wednesday. The company has a market capitalization of $11.98 billion, a PE ratio of 19.41 and a beta of 0.50. Toray Industries has a 52-week low of $11.70 and a 52-week high of $17.51. The business’s fifty day moving average is $14.95 and its 200 day moving average is $14.80. 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 (OTCMKTS:TRYIY) last posted its earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Toray Industries had a return on equity of 4.82% and a net margin of 3.48%.The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.03 billion. On average, equities research analysts anticipate that Toray Industries will post 0.79 EPS for the current fiscal year.

About Toray Industries

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.