Toromont Industries Ltd. (OTCMKTS:TMTNF) Sees Large Growth in Short Interest

Posted by Thomas Dobrow on Jan 17th, 2025

Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 227,800 shares, a growth of 52.9% from the December 15th total of 149,000 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is currently 8.7 days.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on TMTNF

Toromont Industries Stock Performance

Shares of TMTNF stock opened at $80.04 on Friday. The stock has a 50 day simple moving average of $80.82 and a 200 day simple moving average of $87.75. Toromont Industries has a 1 year low of $78.35 and a 1 year high of $98.22.

About Toromont Industries

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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.