Toyota Motor Co. (NYSE:TM) Short Interest Up 20.5% in March

Toyota Motor Co. (NYSE:TM) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 633,700 shares, an increase of 20.5% from the March 15th total of 525,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 305,100 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Nomura cut Toyota Motor from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.

Institutional Trading of Toyota Motor

A number of hedge funds have recently modified their holdings of TM. Criterion Capital Advisors LLC acquired a new stake in shares of Toyota Motor during the 4th quarter valued at about $26,000. Qube Research & Technologies Ltd bought a new stake in shares of Toyota Motor in the 3rd quarter valued at approximately $25,000. Pacifica Partners Inc. raised its holdings in shares of Toyota Motor by 150.0% in the 3rd quarter. Pacifica Partners Inc. now owns 150 shares of the company’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of Toyota Motor during the 2nd quarter worth approximately $25,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Toyota Motor in the 1st quarter valued at $45,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM traded down $1.29 during mid-day trading on Monday, hitting $241.68. The company’s stock had a trading volume of 158,331 shares, compared to its average volume of 296,808. The stock’s 50-day moving average is $239.17 and its two-hundred day moving average is $204.63. The firm has a market capitalization of $327.43 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.18. Toyota Motor has a one year low of $133.02 and a one year high of $255.23.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $3.15. Toyota Motor had a net margin of 10.22% and a return on equity of 14.13%. The firm had revenue of $81.54 billion during the quarter, compared to the consensus estimate of $73.72 billion. As a group, sell-side analysts anticipate that Toyota Motor will post 23.06 EPS for the current 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.