Short Interest in Toyota Motor Co. (NYSE:TM) Expands By 22.4%

Toyota Motor Co. (NYSE:TM) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 741,100 shares, a growth of 22.4% from the October 31st total of 605,400 shares. Based on an average daily volume of 371,200 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TM. Fisher Asset Management LLC raised its holdings in shares of Toyota Motor by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after buying an additional 160,720 shares during the period. Blue Trust Inc. increased its stake in Toyota Motor by 240.7% during the second quarter. Blue Trust Inc. now owns 4,368 shares of the company’s stock worth $895,000 after purchasing an additional 3,086 shares during the period. Moran Wealth Management LLC lifted its position in shares of Toyota Motor by 62.4% during the third quarter. Moran Wealth Management LLC now owns 27,433 shares of the company’s stock worth $4,899,000 after purchasing an additional 10,545 shares in the last quarter. Drake & Associates LLC acquired a new position in shares of Toyota Motor in the third quarter valued at approximately $540,000. Finally, Vantage Investment Partners LLC purchased a new stake in Toyota Motor during the 3rd quarter worth approximately $5,179,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Up 3.1 %

TM traded up $5.25 during trading hours on Monday, reaching $175.88. The company’s stock had a trading volume of 632,738 shares, compared to its average volume of 326,411. The stock has a market cap of $236.98 billion, a PE ratio of 8.35, a P/E/G ratio of 0.30 and a beta of 0.68. Toyota Motor has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. The business’s 50-day moving average is $174.98 and its 200-day moving average is $187.70.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing the consensus estimate of $4.39 by ($1.49). The business had revenue of $76.92 billion during the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. As a group, equities research analysts predict that Toyota Motor will post 21.56 earnings per share for the current fiscal year.

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.