Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Down 23.7% in October

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 200,300 shares, a decrease of 23.7% from the October 15th total of 262,500 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 31.8 days.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Friday, October 18th.

Toromont Industries Stock Performance

TMTNF stock opened at $83.72 on Friday. The company has a 50 day moving average of $91.81 and a two-hundred day moving average of $90.25. Toromont Industries has a 12-month low of $79.11 and a 12-month high of $98.22.

About Toromont Industries

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.