Toyota Motor Co. (NYSE:TM) Short Interest Up 22.4% in November

Toyota Motor Co. (NYSE:TM) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 741,100 shares, a growth of 22.4% from the October 31st total of 605,400 shares. Based on an average daily volume of 371,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Toyota Motor

Several institutional investors have recently added to or reduced their stakes in TM. Price T Rowe Associates Inc. MD raised its holdings in Toyota Motor by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,532 shares of the company’s stock worth $14,228,000 after purchasing an additional 1,886 shares during the period. Janus Henderson Group PLC raised its position in shares of Toyota Motor by 16.4% during the 1st quarter. Janus Henderson Group PLC now owns 3,306 shares of the company’s stock worth $832,000 after purchasing an additional 465 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Toyota Motor by 6.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,612 shares of the company’s stock valued at $909,000 after buying an additional 205 shares during the period. Virtu Financial LLC purchased a new stake in Toyota Motor during the 1st quarter worth $372,000. Finally, Atria Investments Inc purchased a new position in Toyota Motor in the 1st quarter valued at about $1,154,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of Toyota Motor stock traded up $5.25 during trading hours on Monday, hitting $175.88. 632,738 shares of the company’s stock traded hands, compared to its average volume of 326,411. Toyota Motor has a 12-month low of $159.04 and a 12-month high of $255.23. The company has a fifty day simple moving average of $174.98 and a 200-day simple moving average of $187.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. The stock has a market capitalization of $236.98 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.30 and a beta of 0.68.

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

About Toyota Motor

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.