Short Interest in Toray Industries, Inc. (OTCMKTS:TRYIY) Declines By 46.9%

Toray Industries, Inc. (OTCMKTS:TRYIY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 28,000 shares, a decrease of 46.9% from the November 30th total of 52,700 shares. Based on an average trading volume of 54,700 shares, the days-to-cover ratio is currently 0.5 days.

Toray Industries Price Performance

Toray Industries stock traded up $0.09 during trading on Friday, reaching $12.63. The company had a trading volume of 15,191 shares, compared to its average volume of 40,206. Toray Industries has a 1-year low of $8.74 and a 1-year high of $13.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.76. The firm’s 50-day simple moving average is $11.97 and its 200 day simple moving average is $10.82. The firm has a market capitalization of $10.30 billion, a PE ratio of 32.39 and a beta of 0.77.

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.