Toyo Tire Co. (OTCMKTS:TOTTF) Sees Large Increase in Short Interest

Toyo Tire Co. (OTCMKTS:TOTTF) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 612,500 shares, an increase of 131.3% from the July 31st total of 264,800 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Toyo Tire Stock Performance

Shares of TOTTF stock remained flat at $17.97 during mid-day trading on Friday. Toyo Tire has a fifty-two week low of $14.67 and a fifty-two week high of $17.97. The stock’s 50-day moving average price is $17.97 and its two-hundred day moving average price is $17.94.

About Toyo Tire

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo Tires and Nitto. It also offers automotive parts, including engine/motor, member/differential, strut, and exhaust mounts; bush/couplings and constant velocity universal joint boot; and anti-vibration rubber for cars.