Toyota Industries Co. (OTCMKTS:TYIDY) Sees Significant Decline in Short Interest

Toyota Industries Co. (OTCMKTS:TYIDY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18 shares, a decrease of 79.8% from the June 15th total of 89 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 791 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Toyota Industries to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Toyota Industries Stock Performance

Shares of OTCMKTS:TYIDY remained flat at $127.95 during trading on Friday. 107 shares of the stock traded hands, compared to its average volume of 17,679. Toyota Industries has a 12 month low of $105.38 and a 12 month high of $136.11. The company’s fifty day moving average is $126.98 and its 200-day moving average is $125.78. The company has a market capitalization of $38.45 billion and a price-to-earnings ratio of 0.37.

About Toyota Industries

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.