Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Down 23.7% in October

Toromont Industries Ltd. (OTCMKTS:TMTNF) saw a large decline in short interest during 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 daily volume of 6,300 shares, the short-interest ratio is presently 31.8 days.

Analysts Set New Price Targets

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

Toromont Industries Price Performance

Shares of TMTNF opened at $83.72 on Friday. The business’s 50-day moving average price is $91.81 and its 200 day moving average price is $90.25. Toromont Industries has a 1-year low of $79.11 and a 1-year high of $98.22.

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.