Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Down 53.0% in July

Toray Industries Inc. (OTCMKTS:TRYIY) was the recipient of a significant drop in short interest in the month of 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 60,962 shares, the short-interest ratio is presently 0.1 days.

Toray Industries Price Performance

Toray Industries stock traded down $0.21 during mid-day trading on Monday, hitting $16.73. 3,233 shares of the company were exchanged, compared to its average volume of 31,509. The company has a market capitalization of $12.59 billion, a PE ratio of 20.40 and a beta of 0.50. The business has a fifty day moving average of $14.66 and a 200 day moving average of $14.73. Toray Industries has a 1-year low of $11.70 and a 1-year high of $17.51. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

Toray Industries (OTCMKTS:TRYIY) last issued its earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating 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 company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. As a group, sell-side analysts expect that Toray Industries will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.