Toyota Motor Co. (NYSE:TM) Sees Significant Decline in Short Interest

Toyota Motor Co. (NYSE:TM) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 620,300 shares, a decline of 18.8% from the September 15th total of 763,600 shares. Based on an average trading volume of 354,700 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the company’s shares are short sold.

Toyota Motor Trading Down 3.2 %

Shares of NYSE:TM traded down $5.58 during trading on Tuesday, reaching $169.52. 858,531 shares of the company traded hands, compared to its average volume of 318,538. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Toyota Motor has a 52-week low of $159.04 and a 52-week high of $255.23. The firm has a market capitalization of $228.41 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.30 and a beta of 0.68. The business’s fifty day moving average is $179.26 and its 200-day moving average is $202.22.

Toyota Motor (NYSE:TM) last posted its earnings results on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $2.34. Toyota Motor had a return on equity of 14.28% and a net margin of 10.70%. The company had revenue of $75.94 billion for the quarter, compared to analysts’ expectations of $72.48 billion. During the same period last year, the firm earned $7.05 earnings per share. As a group, analysts forecast that Toyota Motor will post 21.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TM. Pathway Financial Advisers LLC bought a new stake in shares of Toyota Motor during the 1st quarter valued at about $30,000. POM Investment Strategies LLC boosted its position in Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after acquiring an additional 111 shares in the last quarter. Grove Bank & Trust purchased a new position in shares of Toyota Motor during the 3rd quarter worth approximately $32,000. Mather Group LLC. raised its position in shares of Toyota Motor by 113.9% in the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in shares of Toyota Motor in the 4th quarter valued at approximately $37,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

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.