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

Key Points

• Toray Industries Inc. experienced a significant increase in **short interest** during September, rising by **887.5%** to a total of **15,800 shares** as of September 15th.
• The company's quarterly earnings report showed an earnings per share (EPS) of **$0.15**, missing analysts' expectations of **$0.24**, with total revenue reported at **$4.03 billion** against an expectation of **$4.41 billion**.
• Currently, the stock has a consensus rating of **"Hold"** from analysts, with significant downgrades noted from UBS Group as well as an upgrade from Nomura Securities.

Toray Industries Inc. (OTCMKTS:TRYIY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 15,800 shares, an increase of 887.5% from the August 31st total of 1,600 shares. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

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

Toray Industries Price Performance

Shares of TRYIY stock traded down $0.30 on Tuesday, hitting $12.64. 7,116 shares of the stock traded hands, compared to its average volume of 24,015. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.07. Toray Industries has a 52 week low of $10.42 and a 52 week high of $14.80. The firm has a 50 day simple moving average of $13.38 and a two-hundred day simple moving average of $13.35. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 21.79 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 analysts' consensus estimates of $0.24 by ($0.09). The business had revenue of $4.03 billion during the quarter, compared to analysts' expectations of $4.41 billion. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%. Toray Industries has set its FY 2025 guidance at 0.740-0.740 EPS. As a group, equities research analysts predict that Toray Industries will post 0.73 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.