Toyo Tire Co. (OTCMKTS:TOTTF) Sees Significant Decline in Short Interest

Toyo Tire Co. (OTCMKTS:TOTTF) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 320,800 shares, a decline of 34.1% from the October 15th total of 486,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Toyo Tire Price Performance

Shares of TOTTF stock remained flat at $14.93 during midday trading on Friday. The firm’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $17.13. Toyo Tire has a 52 week low of $14.65 and a 52 week high of $16.01.

Toyo Tire Company Profile

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and constant velocity universal joint boot; and anti-vibration rubber for cars.