Short Interest in Toyota Motor Co. (NYSE:TM) Declines By 22.3%

Toyota Motor Co. (NYSE:TM) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 605,400 shares, a drop of 22.3% from the October 15th total of 779,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 371,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Toyota Motor by 34,303.6% during the third quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock valued at $74,582,000 after acquiring an additional 416,446 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in Toyota Motor during the third quarter worth approximately $58,660,000. Captrust Financial Advisors lifted its position in Toyota Motor by 109.1% during the first quarter. Captrust Financial Advisors now owns 437,732 shares of the company’s stock worth $110,168,000 after buying an additional 228,434 shares in the last quarter. Fisher Asset Management LLC lifted its position in Toyota Motor by 2.4% during the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after buying an additional 160,720 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its position in Toyota Motor by 1,415.4% during the second quarter. HITE Hedge Asset Management LLC now owns 119,184 shares of the company’s stock worth $24,429,000 after buying an additional 111,319 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Price Performance

TM traded down $0.69 on Friday, hitting $172.79. 282,200 shares of the company’s stock traded hands, compared to its average volume of 324,715. The company’s 50 day simple moving average is $175.89 and its 200-day simple moving average is $192.32. The firm has a market cap of $232.82 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.30 and a beta of 0.68. Toyota Motor has a one year low of $159.04 and a one year high of $255.23. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The business had revenue of $76.92 billion for the quarter, compared to analysts’ expectations of $79.78 billion. As a group, research analysts anticipate that Toyota Motor will post 21.7 EPS for the current year.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.