Toray Industries Inc. (OTCMKTS:TRYIY) Short Interest Up 47.2% in July

Key Points

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Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 48,000 shares, anincreaseof47.2% from the July 15th total of 32,600 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is presently 1.6 days. Approximately0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group downgraded Toray Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Nomura Securities upgraded Toray Industries to a "hold" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Toray Industries Price Performance

Shares of Toray Industries stock traded up $0.28 during mid-day trading on Friday, reaching $13.42. 10,099 shares of the stock traded hands, compared to its average volume of 21,991. The business has a 50-day moving average of $13.49 and a 200 day moving average of $13.39. Toray Industries has a fifty-two week low of $9.86 and a fifty-two week high of $14.80. The stock has a market capitalization of $10.75 billion, a PE ratio of 23.14 and a beta of 0.60. The company has a quick ratio of 1.10, a current ratio of 1.70 and a debt-to-equity ratio of 0.26.

Toray Industries (OTCMKTS:TRYIY - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.09). Toray Industries had a net margin of 2.72% and a return on equity of 3.81%. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.41 billion. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. On average, analysts predict that Toray Industries will post 0.73 EPS for the current 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.