Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 234,100 shares, an increase of 36.6% from the March 31st total of 171,400 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is currently 32.5 days.
Analyst Ratings Changes
Separately, Raymond James restated a “market perform” rating and set a $135.00 price objective on shares of Toromont Industries in a research note on Thursday, April 11th.
View Our Latest Analysis on TMTNF
Toromont Industries Trading Down 0.3 %
Toromont Industries Company Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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