Rayonier Advanced Materials Inc. (NYSE:RYAM) Short Interest Down 17.2% in July

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,110,000 shares, a decline of 17.2% from the June 30th total of 1,340,000 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average trading volume of 526,600 shares, the short-interest ratio is presently 2.1 days.

Rayonier Advanced Materials Price Performance

Shares of NYSE RYAM traded down $0.09 during midday trading on Monday, reaching $6.27. The stock had a trading volume of 386,454 shares, compared to its average volume of 517,548. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.95 and a current ratio of 1.64. Rayonier Advanced Materials has a 12-month low of $2.66 and a 12-month high of $6.55. The stock has a 50-day moving average of $5.60 and a 200-day moving average of $4.75. The company has a market capitalization of $411.19 million, a price-to-earnings ratio of -3.89 and a beta of 3.03.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $483.00 million. Rayonier Advanced Materials had a negative net margin of 6.71% and a negative return on equity of 7.77%. As a group, research analysts anticipate that Rayonier Advanced Materials will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC bought a new stake in shares of Rayonier Advanced Materials during the fourth quarter valued at approximately $47,000. Simplicity Solutions LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at approximately $47,000. Stratos Wealth Partners LTD. bought a new stake in Rayonier Advanced Materials in the 4th quarter worth approximately $54,000. Tower Research Capital LLC TRC increased its stake in Rayonier Advanced Materials by 64.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 5,633 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Rayonier Advanced Materials during the 1st quarter valued at approximately $59,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Rayonier Advanced Materials

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.