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

Toray Industries, Inc. (OTCMKTS:TRYIY) was the target of a large drop in short interest in 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 presently 0.1 days.

Toray Industries Stock Performance

Toray Industries stock remained flat at $8.94 during trading hours on Friday. 31,928 shares of the company’s stock were exchanged, compared to its average volume of 34,853. The stock has a 50 day moving average of $9.38 and a 200 day moving average of $9.76. Toray Industries has a fifty-two week low of $8.74 and a fifty-two week high of $11.69.

Toray Industries (OTCMKTS:TRYIY) last announced its earnings results on Tuesday, February 13th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Toray Industries had a net margin of 1.77% and a return on equity of 2.52%. The firm had revenue of $4.27 billion during the quarter. On average, equities analysts predict that Toray Industries will post 0.52 earnings per share for the current fiscal 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.