Toyo Tire Co. (OTCMKTS:TOTTF) Sees Large Drop in Short Interest

Toyo Tire Co. (OTCMKTS:TOTTF) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 338,600 shares, a drop of 31.9% from the November 15th total of 497,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Toyo Tire Stock Performance

OTCMKTS TOTTF opened at $14.93 on Friday. Toyo Tire has a 12 month low of $14.65 and a 12 month high of $16.01. The company’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $16.70.

About Toyo Tire

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and constant velocity universal joint boot; and anti-vibration rubber for cars.