Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 376,000 shares, an increase of 59.2% from the April 30th total of 236,200 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 39.6 days.
Toromont Industries Stock Performance
TMTNF opened at $83.10 on Tuesday. The firm’s 50 day moving average is $81.40 and its 200-day moving average is $81.35. Toromont Industries has a 52-week low of $76.05 and a 52-week high of $98.22.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research note on Friday, May 2nd.
Toromont Industries Company Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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