Posted by admin on Jul 14th, 2022
Toray Industries, Inc. (OTCMKTS:TRYIY – Get Rating) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 258,900 shares, a growth of 570.7% from the June 15th total of 38,600 shares. Based on an average daily volume of 190,200 shares, the days-to-cover ratio is currently 1.4 days.
Several equities analysts have issued reports on TRYIY shares. Nomura upgraded shares of Toray Industries from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 25th. The Goldman Sachs Group upgraded shares of Toray Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th.
TRYIY stock opened at $10.39 on Thursday. The firm has a fifty day moving average price of $10.47 and a 200 day moving average price of $10.85. Toray Industries has a fifty-two week low of $9.18 and a fifty-two week high of $14.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.85 and a quick ratio of 1.22.
About Toray Industries (Get Rating)
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-microfiber non-woven fabric with suede-texture; and apparel products.
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