Short Interest in Toyota Motor Co. (NYSE:TM) Decreases By 22.3%

Toyota Motor Co. (NYSE:TM) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 605,400 shares, a decline of 22.3% from the October 15th total of 779,100 shares. Based on an average daily trading volume, of 371,500 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the company’s shares are sold short.

Toyota Motor Stock Performance

Shares of Toyota Motor stock traded down $0.69 on Friday, hitting $172.79. The stock had a trading volume of 282,200 shares, compared to its average volume of 324,715. Toyota Motor has a 52-week low of $159.04 and a 52-week high of $255.23. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock has a market cap of $232.82 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.30 and a beta of 0.68. The company’s 50 day moving average price is $175.89 and its 200 day moving average price is $192.32.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing the consensus estimate of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The company had revenue of $76.92 billion for the quarter, compared to analysts’ expectations of $79.78 billion. On average, research analysts anticipate that Toyota Motor will post 21.7 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

A number of large investors have recently bought and sold shares of TM. Highline Wealth Partners LLC purchased a new position in shares of Toyota Motor in the 3rd quarter worth $27,000. Pathway Financial Advisers LLC purchased a new position in shares of Toyota Motor in the 1st quarter worth $30,000. Jamison Private Wealth Management Inc. raised its position in shares of Toyota Motor by 300.0% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 126 shares during the period. POM Investment Strategies LLC raised its position in shares of Toyota Motor by 292.1% in the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after buying an additional 111 shares during the period. Finally, Grove Bank & Trust purchased a new position in shares of Toyota Motor in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.