Short Interest in Toray Industries, Inc. (OTCMKTS:TRYIY) Drops By 73.9%

Toray Industries, Inc. (OTCMKTS:TRYIY) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,200 shares, a decline of 73.9% from the February 29th total of 4,600 shares. Based on an average daily volume of 90,700 shares, the short-interest ratio is presently 0.0 days.

Toray Industries Trading Down 0.8 %

TRYIY opened at $9.63 on Thursday. The stock has a 50-day moving average price of $9.47 and a 200-day moving average price of $9.94. Toray Industries has a 12-month low of $8.74 and a 12-month high of $11.69.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.14 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%. On average, research analysts anticipate that Toray Industries will post 0.52 earnings per share for the current fiscal year.

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.