Toray Industries Inc. (OTCMKTS:TRYIY) Stock Short Interest Rises 225.3%

Toray Industries Inc. (OTCMKTS:TRYIY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 16,411 shares, an increase of 225.3% from the September 30th total of 5,045 shares. Based on an average daily volume of 41,997 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Toray Industries Stock Down 1.9%

Shares of OTCMKTS:TRYIY opened at $14.82 on Friday. Toray Industries has a 1-year low of $11.84 and a 1-year high of $17.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.19. The stock has a market cap of $11.15 billion, a P/E ratio of 18.07 and a beta of 0.50. The firm has a fifty day moving average price of $15.72 and a 200 day moving average price of $15.00.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.03 billion. Sell-side analysts predict that Toray Industries will post 0.79 EPS for the current year.

About Toray Industries

Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.

The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.