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

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 149,000 shares, a decline 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 currently 135.5 days.

Toromont Industries Stock Down 1.3 %

Shares of OTCMKTS:TMTNF traded down $1.08 on Friday, hitting $79.26. The stock had a trading volume of 85,464 shares, compared to its average volume of 7,860. The firm’s 50 day moving average price is $84.06 and its 200-day moving average price is $88.48. Toromont Industries has a twelve month low of $78.35 and a twelve month high of $98.22.

Wall Street Analyst Weigh In

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

About Toromont Industries

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.