Toyota Motor Co. (NYSE:TM) Short Interest Down 18.8% in September

Toyota Motor Co. (NYSE:TM) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 620,300 shares, a decline of 18.8% from the September 15th total of 763,600 shares. Based on an average trading volume of 354,700 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the shares of the company are sold short.

Toyota Motor Stock Performance

Shares of NYSE TM traded down $5.58 during midday trading on Tuesday, hitting $169.52. The company’s stock had a trading volume of 858,531 shares, compared to its average volume of 318,538. The firm has a market capitalization of $228.41 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.30 and a beta of 0.68. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $179.26 and a 200 day moving average price of $202.22. Toyota Motor has a one year low of $159.04 and a one year high of $255.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. The company had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. Toyota Motor had a return on equity of 14.28% and a net margin of 10.70%. During the same period in the previous year, the company posted $7.05 EPS. On average, research analysts forecast that Toyota Motor will post 21.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC purchased a new position in Toyota Motor in the 1st quarter worth approximately $30,000. POM Investment Strategies LLC grew its position in Toyota Motor by 292.1% in the second quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Grove Bank & Trust bought a new position in Toyota Motor in the third quarter valued at $32,000. Mather Group LLC. raised its position in Toyota Motor by 113.9% during the second quarter. Mather Group LLC. now owns 169 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in Toyota Motor during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.