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UPDATE 1 — Fay regains tropical storm status, US NHC says

(Rewrites through out) Sept 23 (Reuters) — Fay, located near the Azores, regained tropical storm status, the U.S. National Hurricane Center said in its latest advisory. The storm was about 935 miles (1,505 km) west-southwest of the Azores, packing maximum sustained winds of 40 mph (65 km/h). "Little change in strength is forecast during the next day or two, with gradual weakening expected thereafter," the NHC added. (Reporting by Vedika Thorat and Ashitha Shivaprasad in Bengaluru; Editing by Chris Reese and Ronojoy Mazumdar) ((Vedika.Thorat@thomsonreuters.com;)