Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Up 52.9% in December

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the target of a significant growth in short interest during the month of 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 daily volume of 26,200 shares, the days-to-cover ratio is currently 8.7 days.

Analyst Ratings Changes

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

Toromont Industries Stock Performance

OTCMKTS TMTNF opened at $80.04 on Friday. The business’s 50-day moving average price is $80.82 and its 200 day moving average price is $87.75. Toromont Industries has a twelve month low of $78.35 and a twelve month high of $98.22.

Toromont Industries Company Profile

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.