Toyota Industries Co. (OTCMKTS:TYIDY – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,000 shares, a drop of 28.6% from the May 15th total of 1,400 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 0.2 days.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein started coverage on Toyota Industries in a research note on Monday, April 14th. They set an “outperform” rating on the stock.
View Our Latest Research Report on TYIDY
Toyota Industries Trading Up 5.3%
Toyota Industries Company Profile
Toyota Industries Corporation manufactures and sells textiles machinery, materials handling equipment, automobiles, and automobile parts in Japan, the United States, and internationally. The company operates through Automobile, Materials Handling Equipment, and Textile Machinery segments. It provides vehicles; gasoline and diesel engines for automobiles and industrial equipment; turbochargers and foundry parts; car air-conditioning compressors; car electronics comprising DC-DC converters, in-vehicle chargers, on-board chargers and DC-DC converter units, and DC-AC inverters; batteries; and stamping dies, including automotive and lift truck stamping dies.
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