Posted by admin on May 28th, 2022
Toray Industries, Inc. (OTCMKTS:TRYIY – Get Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 65,600 shares, a decrease of 39.1% from the April 30th total of 107,800 shares. Based on an average daily volume of 113,100 shares, the days-to-cover ratio is currently 0.6 days.
Toray Industries stock opened at $10.43 on Friday. Toray Industries has a 52 week low of $9.18 and a 52 week high of $14.07. The business’s 50-day moving average price is $9.96 and its 200 day moving average price is $11.17.
Separately, Nomura upgraded Toray Industries from a “neutral” rating to a “buy” rating in a research note on Wednesday.
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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