Short Interest in Toray Industries Inc. (OTCMKTS:TRYIY) Rises By 758.9%

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

Toray Industries Trading Down 1.3%

Shares of TRYIY opened at $15.71 on Thursday. Toray Industries has a twelve month low of $11.70 and a twelve month high of $17.51. The stock has a market cap of $11.82 billion, a PE ratio of 19.16 and a beta of 0.50. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $14.97 and its 200-day moving average price is $14.80.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. On average, equities analysts forecast that Toray Industries will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.