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

Toyota Motor Co. (NYSE:TM) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 748,900 shares, a drop of 15.1% from the December 31st total of 881,700 shares. Based on an average daily volume of 394,700 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.1% of the shares of the stock are sold short.

Toyota Motor Trading Down 1.1 %

TM traded down $2.09 during midday trading on Friday, reaching $188.89. 420,213 shares of the company’s stock traded hands, compared to its average volume of 366,945. The stock has a market capitalization of $254.51 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 0.36 and a beta of 0.63. Toyota Motor has a 52 week low of $159.04 and a 52 week high of $255.23. The firm has a fifty day moving average of $182.80 and a two-hundred day moving average of $180.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. The company had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. On average, equities analysts anticipate that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Several hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC grew its stake in shares of Toyota Motor by 3.8% in the third quarter. Stratos Wealth Advisors LLC now owns 1,759 shares of the company’s stock worth $314,000 after acquiring an additional 65 shares during the period. Abel Hall LLC raised its stake in Toyota Motor by 5.6% during the 3rd quarter. Abel Hall LLC now owns 1,274 shares of the company’s stock valued at $227,000 after buying an additional 67 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Toyota Motor by 4.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,662 shares of the company’s stock valued at $324,000 after buying an additional 67 shares during the period. Commerce Bank boosted its stake in shares of Toyota Motor by 2.3% in the 3rd quarter. Commerce Bank now owns 3,214 shares of the company’s stock worth $574,000 after buying an additional 73 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in Toyota Motor by 3.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,462 shares of the company’s stock valued at $440,000 after acquiring an additional 78 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th.

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.