Rayonier Advanced Materials Inc. (NYSE:RYAM – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,600,000 shares, a drop of 33.3% from the May 31st total of 2,400,000 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 517,600 shares, the short-interest ratio is presently 3.1 days.
Rayonier Advanced Materials Trading Up 0.2 %
Shares of NYSE RYAM opened at $5.33 on Friday. Rayonier Advanced Materials has a 1 year low of $2.66 and a 1 year high of $6.20. The firm’s 50-day moving average is $4.99 and its 200-day moving average is $4.50. The company has a quick ratio of 0.95, a current ratio of 1.64 and a debt-to-equity ratio of 1.02.
Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Rayonier Advanced Materials had a negative net margin of 6.71% and a negative return on equity of 7.77%. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $483.00 million. Equities analysts expect that Rayonier Advanced Materials will post -0.34 EPS for the current year.
Institutional Investors Weigh In On Rayonier Advanced Materials
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.
Get Our Latest Analysis on Rayonier Advanced Materials
Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
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