Toyota Industries Co. (OTCMKTS:TYIDY) Sees Significant Decline in Short Interest

Toyota Industries Co. (OTCMKTS:TYIDY) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 18 shares, a drop of 79.8% from the June 15th total of 89 shares. Based on an average daily volume of 791 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Toyota Industries Stock Performance

Shares of OTCMKTS:TYIDY remained flat at $127.95 during trading on Friday. The stock had a trading volume of 107 shares, compared to its average volume of 17,679. The firm has a 50 day simple moving average of $126.98 and a 200-day simple moving average of $125.78. Toyota Industries has a fifty-two week low of $105.38 and a fifty-two week high of $136.11. The firm has a market cap of $38.45 billion and a P/E ratio of 0.37.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Toyota Industries to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Toyota Industries

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.