Toyo Tire Co. (OTCMKTS:TOTTF) Sees Large Drop in Short Interest

Toyo Tire Co. (OTCMKTS:TOTTF) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 247,300 shares, a decline of 27.0% from the November 30th total of 338,600 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Toyo Tire Price Performance

Shares of OTCMKTS TOTTF opened at $15.75 on Monday. The company’s fifty day simple moving average is $15.04 and its 200 day simple moving average is $16.53. Toyo Tire has a 12-month low of $14.65 and a 12-month high of $16.01.

About Toyo Tire

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and constant velocity universal joint boot; and anti-vibration rubber for cars.