Short Interest in Toray Industries, Inc. (OTCMKTS:TRYIY) Decreases By 73.5%

Toray Industries, Inc. (OTCMKTS:TRYIY) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 6,500 shares, a drop of 73.5% from the July 31st total of 24,500 shares. Based on an average daily volume of 125,400 shares, the short-interest ratio is presently 0.1 days.

Toray Industries Price Performance

Shares of TRYIY stock traded down $0.08 on Wednesday, reaching $10.09. 18,823 shares of the company’s stock were exchanged, compared to its average volume of 47,904. Toray Industries has a 52 week low of $8.74 and a 52 week high of $11.34. The company’s fifty day simple moving average is $9.78 and its 200 day simple moving average is $9.59.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $4.09 billion during the quarter. Toray Industries had a net margin of 1.35% and a return on equity of 2.52%.

About Toray Industries

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.