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

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 234,100 shares, a growth of 36.6% from the March 31st total of 171,400 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is currently 32.5 days.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated a “market perform” rating and issued a $135.00 target price on shares of Toromont Industries in a report on Thursday, April 11th.

Toromont Industries Trading Down 0.3 %

TMTNF traded down $0.31 on Friday, hitting $94.80. 4,041 shares of the stock were exchanged, compared to its average volume of 2,650. The business has a 50-day moving average of $93.14 and a two-hundred day moving average of $86.83. Toromont Industries has a 12 month low of $76.18 and a 12 month high of $97.90.

Toromont Industries Company Profile

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.