Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Down 30.1% in December

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

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Friday, October 18th.

Toromont Industries Stock Down 1.3 %

Shares of OTCMKTS TMTNF opened at $79.26 on Monday. The business has a 50-day moving average of $84.06 and a two-hundred day moving average of $88.49. Toromont Industries has a 1 year low of $78.35 and a 1 year high of $98.22.

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.