Toyota Industries Co. (OTCMKTS:TYIDY) Short Interest Down 79.8% in June

Toyota Industries Co. (OTCMKTS:TYIDY) saw a significant drop in short interest in 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 trading volume of 791 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Toyota Industries Stock Performance

Shares of OTCMKTS:TYIDY remained flat at $127.95 during trading on Monday. The stock had a trading volume of 107 shares, compared to its average volume of 17,679. The company has a 50-day simple moving average of $126.98 and a two-hundred day simple moving average of $125.87. The company has a market capitalization of $38.45 billion and a P/E ratio of 0.37. Toyota Industries has a fifty-two week low of $105.38 and a fifty-two week high of $136.11.

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.