Toyota Motor Co. (NYSE:TM) Sees Large Drop in Short Interest

Toyota Motor Co. (NYSE:TM) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 619,900 shares, a decrease of 16.4% from the November 15th total of 741,100 shares. Based on an average daily volume of 379,600 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.1% of the company’s shares are short sold.

Toyota Motor Trading Down 0.6 %

NYSE:TM opened at $175.86 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Toyota Motor has a 1-year low of $159.04 and a 1-year high of $255.23. The firm has a market capitalization of $236.96 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.31 and a beta of 0.67. The business’s 50-day moving average price is $173.83 and its two-hundred day moving average price is $184.79.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The firm had revenue of $76.92 billion during the quarter, compared to analyst estimates of $79.78 billion. On average, equities analysts expect that Toyota Motor will post 21.56 earnings per share for the current year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in Toyota Motor during the third quarter worth about $27,000. Jamison Private Wealth Management Inc. lifted its holdings in shares of Toyota Motor by 300.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. POM Investment Strategies LLC lifted its holdings in shares of Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of Toyota Motor in the 3rd quarter valued at approximately $32,000. Finally, Field & Main Bank increased its stake in Toyota Motor by 300.0% during the 2nd quarter. Field & Main Bank now owns 180 shares of the company’s stock worth $37,000 after purchasing an additional 135 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

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.