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Rayonier Advanced Materials Inc. (NYSE:RYAM - Get Rating) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 3,150,000 shares, a drop of 24.3% from the July 31st total of 4,160,000 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 629,100 shares, the days-to-cover ratio is presently 5.0 days. Rayonier Advanced Materials Price Performance

Shares of RYAM traded down $0.31 during trading hours on Friday, reaching $4.92. The stock had a trading volume of 334,959 shares, compared to its average volume of 497,653. Rayonier Advanced Materials has a 12 month low of $2.43 and a 12 month high of $8.32. The stock has a market capitalization of $314.74 million, a PE ratio of -4.10 and a beta of 3.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.21 and a current ratio of 1.85. The company's 50-day moving average is $3.64 and its two-hundred day moving average is $4.70.

Rayonier Advanced Materials (NYSE:RYAM - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The basic materials company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.14). The firm had revenue of $399.00 million during the quarter. Rayonier Advanced Materials had a negative net margin of 5.14% and a negative return on equity of 10.29%. Research analysts expect that Rayonier Advanced Materials will post -0.57 EPS for the current year. Analyst Upgrades and Downgrades

RYAM has been the topic of a number of research analyst reports. StockNews.com raised Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a report on Friday, August 5th. Royal Bank of Canada raised Rayonier Advanced Materials from a "sector perform" rating to an "outperform" rating and reduced their target price for the company from $6.00 to $5.00 in a report on Monday, July 18th.Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Quadrant LLC CA bought a new position in Rayonier Advanced Materials during the 1st quarter worth $44,000. Jane Street Group LLC acquired a new stake in Rayonier Advanced Materials during the 1st quarter worth about $70,000. Allspring Global Investments Holdings LLC acquired a new stake in Rayonier Advanced Materials during the 4th quarter worth about $65,000. Hsbc Holdings PLC acquired a new stake in Rayonier Advanced Materials during the 1st quarter worth about $85,000. Finally, ProShare Advisors LLC acquired a new stake in Rayonier Advanced Materials during the 4th quarter worth about $88,000. 76.12% of the stock is owned by institutional investors. About Rayonier Advanced Materials (Get Rating)

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its 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.Recommended StoriesGet a free copy of the StockNews.com research report on Rayonier Advanced Materials (RYAM)Why This Dip in Advanced Auto Parts May be an OpportunityMarketBeat: Week in Review 8/22 - 8/26Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has Legs

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