Short Interest in Toromont Industries Ltd. (OTCMKTS:TMTNF) Drops By 30.1%

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 149,000 shares, a decline of 30.1% from the November 30th total of 213,300 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is presently 135.5 days.

Toromont Industries Trading Down 1.3 %

OTCMKTS:TMTNF traded down $1.08 on Friday, hitting $79.26. 85,464 shares of the company’s stock traded hands, compared to its average volume of 7,860. The firm has a 50-day moving average price of $84.06 and a 200-day moving average price of $88.48. Toromont Industries has a 1 year low of $78.35 and a 1 year high of $98.22.

Analyst Upgrades and Downgrades

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.