Toyo Tire Co. (OTCMKTS:TOTTF) Short Interest Down 30.4% in December

Toyo Tire Co. (OTCMKTS:TOTTF) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 172,100 shares, a drop of 30.4% from the December 15th total of 247,300 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 860.5 days.

Toyo Tire Stock Performance

Shares of TOTTF remained flat at $15.75 during midday trading on Thursday. The company has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $16.33. Toyo Tire has a fifty-two week low of $14.65 and a fifty-two week high of $16.01.

Toyo Tire Company Profile

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.