Rayonier Advanced Materials Inc. (NYSE:RYAM) Short Interest Update

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,600,000 shares, a decrease of 33.3% from the May 31st total of 2,400,000 shares. Based on an average trading volume of 517,600 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.6% of the company’s stock are sold short.

Rayonier Advanced Materials Stock Up 0.2 %

RYAM stock opened at $5.33 on Friday. The stock’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $4.50. Rayonier Advanced Materials has a 12-month low of $2.66 and a 12-month high of $6.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.64 and a quick ratio of 0.95.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, May 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $483.00 million. On average, equities research analysts expect that Rayonier Advanced Materials will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

Hedge Funds Weigh In On Rayonier Advanced Materials

Large investors have recently bought and sold shares of the business. Bleakley Financial Group LLC acquired a new stake in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $47,000. Simplicity Solutions LLC acquired a new stake in Rayonier Advanced Materials in the fourth quarter worth $47,000. Simplicity Wealth LLC acquired a new stake in Rayonier Advanced Materials in the first quarter worth $59,000. Sherbrooke Park Advisers LLC bought a new stake in Rayonier Advanced Materials in the third quarter valued at $46,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Rayonier Advanced Materials during the fourth quarter valued at $54,000. Institutional investors own 68.64% of the company’s stock.

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.