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

Toray Industries, Inc. (OTCMKTS:TRYIY) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 47,700 shares, a decrease of 29.7% from the September 30th total of 67,900 shares. Based on an average daily volume of 32,600 shares, the days-to-cover ratio is presently 1.5 days.

Toray Industries Stock Performance

TRYIY stock traded down $0.01 during midday trading on Tuesday, reaching $10.82. The company’s stock had a trading volume of 79,566 shares, compared to its average volume of 42,890. Toray Industries has a 52 week low of $8.74 and a 52 week high of $11.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.76 and a quick ratio of 1.14. The business’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $10.06.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter. Toray Industries had a net margin of 1.35% and a return on equity of 1.80%. The firm had revenue of $4.09 billion for the quarter.

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.