Rayonier Advanced Materials

RYAM

Rayonier Advanced Materials is an American chemical company specializing in cellulose-based products. Headquartered in Jacksonville, Florida, it produces more than 25 grades of high-purity performance fibers for products ranging from food, cosmetics, and pharmaceuticals to paints, filters, impact-resistant plastics, and digital display screens. In 2014, Rayonier and Rayonier Advanced Materials split into separate companies. Rayonier retained the real estate and forest resource components while Rayonier Advanced Materials took over management of the performance fibers division.

Rayonier Advanced Materials has been a target of short sellers for a while. The current short interest of 7.24% is slightly above the average of the last 12 months (4.42%).