Toyo Suisan Kaisha, Ltd. (OTCMKTS:TSUKY) Short Interest Update

Toyo Suisan Kaisha, Ltd. (OTCMKTS:TSUKY) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 981 shares, a drop of 97.8% from the April 15th total of 45,617 shares. Based on an average daily trading volume, of 8,650 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Toyo Suisan Kaisha to a “market perform” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Toyo Suisan Kaisha Stock Performance

Shares of TSUKY traded down $2.10 during mid-day trading on Wednesday, reaching $65.62. The company had a trading volume of 5,417 shares, compared to its average volume of 9,418. Toyo Suisan Kaisha has a 52 week low of $58.14 and a 52 week high of $86.90. The firm has a 50-day moving average price of $69.40 and a 200 day moving average price of $70.14.

About Toyo Suisan Kaisha

Toyo Suisan Kaisha, Ltd. is a Japanese integrated food manufacturer established in 1953 and headquartered in Tokyo. The company is publicly traded on the Tokyo Stock Exchange and its shares are available in the United States through the OTCMKTS as TSUKY. Over more than six decades, Toyo Suisan has built a reputation for quality and innovation in the packaged foods industry.

At the core of Toyo Suisan’s operations is the production of instant noodles under the Maruchan and Toyo Suisan brands, offering a wide variety of flavors and formats including cup noodles, pouch-style noodles and bowl-type ramen.