Short Interest in Toyota Industries Co. (OTCMKTS:TYIDY) Decreases By 28.6%

Toyota Industries Co. (OTCMKTS:TYIDY) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,000 shares, a drop of 28.6% from the May 15th total of 1,400 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein assumed coverage on shares of Toyota Industries in a report on Monday, April 14th. They set an “outperform” rating for the company.

Toyota Industries Trading Up 2.6%

TYIDY stock opened at $113.85 on Tuesday. The company has a 50 day moving average of $110.86 and a two-hundred day moving average of $92.09. Toyota Industries has a 12-month low of $66.49 and a 12-month high of $133.93.

About Toyota Industries

Toyota Industries Corporation manufactures and sells textiles machinery, materials handling equipment, automobiles, and automobile parts in Japan, the United States, and internationally. The company operates through Automobile, Materials Handling Equipment, and Textile Machinery segments. It provides vehicles; gasoline and diesel engines for automobiles and industrial equipment; turbochargers and foundry parts; car air-conditioning compressors; car electronics comprising DC-DC converters, in-vehicle chargers, on-board chargers and DC-DC converter units, and DC-AC inverters; batteries; and stamping dies, including automotive and lift truck stamping dies.