Short Interest in Toyota Motor Co. (NYSE:TM) Decreases By 16.4%

Toyota Motor Co. (NYSE:TM) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 619,900 shares, a decline of 16.4% from the November 15th total of 741,100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 379,600 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Toyota Motor

Institutional investors have recently modified their holdings of the stock. Highline Wealth Partners LLC purchased a new position in shares of Toyota Motor during the third quarter valued at $27,000. Jamison Private Wealth Management Inc. increased its position in Toyota Motor by 300.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the period. POM Investment Strategies LLC raised its holdings in shares of Toyota Motor by 292.1% in the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Grove Bank & Trust purchased a new stake in shares of Toyota Motor in the 3rd quarter worth approximately $32,000. Finally, Field & Main Bank boosted its stake in shares of Toyota Motor by 300.0% during the second quarter. Field & Main Bank now owns 180 shares of the company’s stock valued at $37,000 after purchasing an additional 135 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

Shares of Toyota Motor stock opened at $175.86 on Friday. Toyota Motor has a 52 week low of $159.04 and a 52 week high of $255.23. The company has a market capitalization of $236.96 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67. The stock’s fifty day moving average is $173.83 and its two-hundred day moving average is $185.00. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. The company had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. As a group, analysts expect that Toyota Motor will post 21.56 earnings per share for the current year.

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.