Toyo Tire Co. (OTCMKTS:TOTTF) Short Interest Down 30.4% in December

Toyo Tire Co. (OTCMKTS:TOTTF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 172,100 shares, a drop of 30.4% from the December 15th total of 247,300 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 860.5 days.

Toyo Tire Stock Performance

Shares of TOTTF remained flat at $15.75 on Thursday. Toyo Tire has a 52-week low of $14.65 and a 52-week high of $16.01. The business’s 50 day simple moving average is $15.26 and its two-hundred day simple moving average is $16.33.

About Toyo Tire

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and constant velocity universal joint boot; and anti-vibration rubber for cars.