Short Interest in Toyo Tire Co. (OTCMKTS:TOTTF) Increases By 103.1%

Toyo Tire Co. (OTCMKTS:TOTTF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 461,883 shares, a growth of 103.1% from the July 30th total of 227,458 shares. Based on an average daily volume of 5 shares, the days-to-cover ratio is currently 92,376.6 days.

Toyo Tire Price Performance

Shares of TOTTF opened at $23.40 on Friday. The business’s 50-day moving average price is $25.34 and its 200 day moving average price is $25.80. Toyo Tire has a 1-year low of $23.40 and a 1-year high of $23.74.

About Toyo Tire

Toyo Tire & Rubber Co, Ltd. (OTCMKTS:TOTTF) is a Japanese-based manufacturer specializing in the design, development and production of tires and rubber products. The company’s product portfolio encompasses high-performance tires for passenger cars, SUVs, light trucks and commercial vehicles, as well as specialty rubber components for industrial and construction equipment. Under its two core brands, Toyo Tires and Nitto Tire, the firm offers a range of tire lines, including all-season, touring, performance and off-road models, alongside motorsport and competition-grade compounds.

Founded in 1945 in Itami, Hyogo Prefecture, Toyo Tire has evolved from a regional rubber producer into a global tire supplier.