Toromont Industries Ltd. (OTCMKTS:TMTNF) Sees Large Growth in Short Interest

Toromont Industries Ltd. (OTCMKTS:TMTNF) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 227,800 shares, a growth of 52.9% from the December 15th total of 149,000 shares. Based on an average daily trading volume, of 26,200 shares, the days-to-cover ratio is presently 8.7 days.

Toromont Industries Stock Performance

TMTNF stock traded up $1.60 during trading hours on Wednesday, reaching $80.04. The stock had a trading volume of 50,065 shares, compared to its average volume of 25,432. The stock has a 50-day simple moving average of $81.03 and a 200 day simple moving average of $87.86. Toromont Industries has a fifty-two week low of $78.35 and a fifty-two week high of $98.22.

Wall Street Analyst Weigh In

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

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.