Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Update

Key Points

• Short Interest Decline: Toray Industries Inc. experienced a significant 20.0% decrease in short interest in August, with only 1,600 shares sold short as of August 31st.
• Stock Performance: The stock is currently down 2.3%, trading at $13.25, with a market capitalization of $10.61 billion.
• Quarterly Earnings Miss: The company reported EPS of $0.15 for the last quarter, missing expectations by $0.09, and generated revenue of $4.03 billion, falling short of estimates of $4.41 billion.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,600 shares, a drop of 20.0% from the August 15th total of 2,000 shares. Based on an average trading volume of 69,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 69,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on TRYIY shares. Nomura Securities raised Toray Industries to a "hold" rating in a report on Friday, June 6th. UBS Group cut Toray Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Toray Industries Stock Up 0.5%

Shares of TRYIY stock traded up $0.07 during trading hours on Monday, reaching $13.17. The company had a trading volume of 36,029 shares, compared to its average volume of 24,196. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.69. The stock's fifty day simple moving average is $13.42 and its 200 day simple moving average is $13.39. Toray Industries has a twelve month low of $10.42 and a twelve month high of $14.80. The company has a market capitalization of $10.55 billion, a P/E ratio of 22.71 and a beta of 0.57.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.09). The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.41 billion. Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. As a group, sell-side analysts expect that Toray Industries will post 0.73 earnings per share for the current fiscal year.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.