Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Update

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 227,800 shares, a growth of 52.9% from the December 15th total of 149,000 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 8.7 days.

Wall Street Analyst Weigh In

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

Toromont Industries Stock Up 2.0 %

OTCMKTS TMTNF traded up $1.60 on Thursday, hitting $80.04. 50,065 shares of the company were exchanged, compared to its average volume of 25,432. Toromont Industries has a 1-year low of $78.35 and a 1-year high of $98.22. The firm has a 50 day moving average of $80.93 and a two-hundred day moving average of $87.80.

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.