Toray Industries, Inc. (OTCMKTS:TRYIY) Sees Significant Decrease in Short Interest

Toray Industries, Inc. (OTCMKTS:TRYIY) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 8,300 shares, a drop of 68.3% from the March 31st total of 26,200 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is currently 0.1 days.

Toray Industries Price Performance

TRYIY remained flat at $8.94 during trading on Friday. The company had a trading volume of 31,928 shares, compared to its average volume of 34,853. The firm’s 50 day moving average is $9.38 and its 200-day moving average is $9.76. Toray Industries has a 1-year low of $8.74 and a 1-year high of $11.69.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $4.27 billion for the quarter. Toray Industries had a net margin of 1.77% and a return on equity of 2.52%. As a group, equities analysts anticipate that Toray Industries will post 0.52 earnings per share for the current year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.