Toshiba Co. (OTCMKTS:TOSYY) Sees Large Increase in Short Interest

Toshiba Co. (OTCMKTS:TOSYYGet Rating) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 6,500 shares, a growth of 51.2% from the March 15th total of 4,300 shares. Based on an average daily volume of 55,900 shares, the days-to-cover ratio is currently 0.1 days.

TOSYY stock opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.48. The business has a 50-day moving average price of $19.58 and a 200 day moving average price of $20.53. Toshiba has a 1-year low of $17.36 and a 1-year high of $23.30.

Toshiba (OTCMKTS:TOSYYGet Rating) last released its quarterly earnings data on Monday, February 14th. The company reported $0.55 earnings per share for the quarter. The firm had revenue of $7.03 billion during the quarter. Toshiba had a return on equity of 15.77% and a net margin of 5.67%. On average, equities analysts anticipate that Toshiba will post 1.45 EPS for the current year.

Separately, Zacks Investment Research lowered shares of Toshiba from a “hold” rating to a “strong sell” rating in a research note on Friday, January 21st.

About Toshiba (Get Rating)

Toshiba Corporation, together with its subsidiaries, provides electronic devices and storage solutions worldwide. It operates through Energy Systems and Solutions, Infrastructure Systems and Solutions, Building Solutions, Retail and Printing Solutions, Electronic Devices and Storage Solutions, Digital Solutions, and Other segments.

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