Short Interest in Toray Industries Inc. (OTCMKTS:TRYIY) Drops By 62.0%

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

Wall Street Analyst Weigh In

Separately, UBS Group lowered Toray Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Toray Industries Price Performance

Shares of OTCMKTS:TRYIY opened at $12.33 on Tuesday. Toray Industries has a one year low of $10.42 and a one year high of $14.80. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 21.26 and a beta of 0.55. The company has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $13.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.69.

Toray Industries (OTCMKTS:TRYIY) 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). Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. The company 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. 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.