Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Down 62.0% in September

Key Points

• Short interest in Toray Industries decreased by 62.0% in September, dropping from 15,800 shares to 6,000 shares.
• The company's stock opened at $12.41, and it reported Q2 earnings of $0.15 per share, missing analyst expectations of $0.24.
• UBS Group downgraded Toray Industries from a "strong-buy" to a "hold" rating, reflecting a consensus rating of "Hold" among analysts.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,000 shares, a decrease of 62.0% from the September 15th total of 15,800 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.1 days.

Toray Industries Stock Up 1.7%

Shares of OTCMKTS:TRYIY opened at $12.41 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.69 and a debt-to-equity ratio of 0.25. Toray Industries has a 52-week low of $10.42 and a 52-week high of $14.80. The company has a 50 day moving average of $13.06 and a two-hundred day moving average of $13.21. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 21.40 and a beta of 0.55.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last issued its quarterly earnings data 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). Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.41 billion. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. As a group, analysts forecast that Toray Industries will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Toray Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Toray Industries has a consensus rating of "Hold".

Toray Industries Company Profile

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.

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