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

Toray Industries, Inc. (OTCMKTS:TRYIY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 47,700 shares, a decline of 29.7% from the September 30th total of 67,900 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 1.5 days.

Toray Industries Stock Down 0.1 %

OTCMKTS TRYIY traded down $0.01 on Tuesday, hitting $10.82. 79,566 shares of the company’s stock were exchanged, compared to its average volume of 42,890. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.76. Toray Industries has a fifty-two week low of $8.74 and a fifty-two week high of $11.84. The firm’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $10.06.

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

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.