Short Interest in Toromont Industries Ltd. (OTCMKTS:TMTNF) Declines By 23.7%

Toromont Industries Ltd. (OTCMKTS:TMTNF) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 200,300 shares, a decline of 23.7% from the October 15th total of 262,500 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is presently 31.8 days.

Wall Street Analysts Forecast Growth

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

Toromont Industries Stock Performance

Shares of OTCMKTS TMTNF remained flat at $83.72 during mid-day trading on Friday. The company had a trading volume of 15,134 shares, compared to its average volume of 5,626. Toromont Industries has a 1-year low of $79.11 and a 1-year high of $98.22. The firm’s 50 day simple moving average is $92.05 and its 200 day simple moving average is $90.39.

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.