Short Interest Worth Watching: What’s Ahead for Toyota Motor Corporation (NYSE:TM) After Less Shorted Shares?

November 17, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Worth Watching: What’s Ahead for Toyota Motor Corporation (NYSE:TM) After Less Shorted Shares?

The stock of Toyota Motor Corporation (NYSE:TM) registered a decrease of 2.54% in short interest. TM’s total short interest was 2.27 million shares in November as published by FINRA. Its down 2.54% from 2.32 million shares, reported previously. With 288,900 shares average volume, it will take short sellers 8 days to cover their TM’s short positions. The short interest to Toyota Motor Corporation’s float is 0.19%. About 123,869 shares traded hands. Toyota Motor Corp (ADR) (NYSE:TM) has risen 8.57% since April 15, 2016 and is uptrending. It has outperformed by 3.95% the S&P500.

Toyota Motor Corporation conducts business in the automotive industry. The company has a market cap of $191.23 billion. The Firm also conducts business in finance and other industries. It has a 8.39 P/E ratio. The Company’s divisions include Automotive, Financial Services and All Other.

Toyota Motor Corp (ADR) (NYSE:TM) Ratings Coverage

Out of 8 analysts covering Toyota Motor Corporation (NYSE:TM), 0 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 0 are positive. Toyota Motor Corporation has been the topic of 8 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Citigroup downgraded the stock to “Neutral” rating in Thursday, August 25 report. The rating was downgraded by JP Morgan on Wednesday, August 19 to “Neutral”. The firm has “Hold” rating given on Friday, October 9 by Jefferies. The stock of Toyota Motor Corp (ADR) (NYSE:TM) earned “Neutral” rating by Susquehanna on Tuesday, December 22. The rating was downgraded by Credit Suisse to “Neutral” on Friday, February 26. UBS downgraded Toyota Motor Corp (ADR) (NYSE:TM) on Friday, May 27 to “Sell” rating. The stock of Toyota Motor Corp (ADR) (NYSE:TM) earned “Neutral” rating by Bank of America on Wednesday, February 24. The firm has “Neutral” rating given on Monday, February 8 by Societe Generale.

TM Company Profile

Toyota Motor Corporation (Toyota), incorporated on August 27, 1937, conducts business in the automotive industry. The Firm also conducts business in finance and other industries. The Company’s divisions include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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