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What’s Propelling TORAY INDS INC ORD ORDINARY SHARES (OTCMKTS:TRYIF) After Lower Shorts Reported? - Money Making Articles Hot Stuff

What’s Propelling TORAY INDS INC ORD ORDINARY SHARES (OTCMKTS:TRYIF) After Lower Shorts Reported?

October 13, 2018 - By Winifred Garcia

Toray Industries, Inc. (OTCMKTS:TRYIF) Logo

The stock of TORAY INDS INC ORD ORDINARY SHARES (OTCMKTS:TRYIF) registered a decrease of 10.42% in short interest. TRYIF’s total short interest was 5.90M shares in October as published by FINRA. Its down 10.42% from 6.59M shares, reported previously. With 2,100 shares average volume, it will take short sellers 2810 days to cover their TRYIF’s short positions.

It closed at $7.3 lastly. It is down 0.00% since October 13, 2017 and is . It has underperformed by 15.62% the S&P500.

Toray Industries, Inc. manufactures, processes, and sells fibers and textiles, plastics and chemicals, IT-related products, carbon fiber composite materials, environment and engineering products, and life science products. The company has market cap of $11.28 billion. The firm offers filament yarns, staple fibers, spun yarns, woven and knitted fabrics of nylon, polyester and acrylics; non-woven fabrics; ultra-microfiber non-woven fabric with suede-texture; and apparel products. It has a 13.9 P/E ratio. It also provides nylon, ABS, PBT, PPS, other resins and molded products, polyolefin foam products, films and processed film products, raw materials for synthetic fibers and plastics, zeolite catalysts, and veterinary medicines, as well as fine chemicals, such as raw materials for pharmaceuticals and agrochemicals; and films and plastic products for IT-related products, electronic circuits and semiconductor-related materials; color filters for LCDs and related materials, magnetic recording materials, and graphic materials.

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