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

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

Toyota Motor Stock Down 0.4 %

TM stock traded down $0.64 during midday trading on Friday, hitting $172.84. The company’s stock had a trading volume of 282,329 shares, compared to its average volume of 369,572. The firm has a 50-day simple moving average of $175.80 and a 200-day simple moving average of $191.44. The firm has a market capitalization of $232.89 billion, a P/E ratio of 8.21, a PEG ratio of 0.30 and a beta of 0.68. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. Toyota Motor has a 52-week low of $159.04 and a 52-week high of $255.23.

Toyota Motor (NYSE:TM) last released its earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The company had revenue of $76.92 billion during the quarter, compared to analysts’ expectations of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. As a group, equities analysts forecast that Toyota Motor will post 21.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Toyota Motor during the 1st quarter worth about $30,000. POM Investment Strategies LLC increased its position in shares of Toyota Motor by 292.1% during the second quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after purchasing an additional 111 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Toyota Motor in the 3rd quarter valued at about $27,000. Jamison Private Wealth Management Inc. grew its stake in Toyota Motor by 300.0% during 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 last quarter. Finally, Mather Group LLC. increased its position in Toyota Motor by 113.9% during the second quarter. Mather Group LLC. now owns 169 shares of the company’s stock worth $35,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors 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.