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

Toyo Tire Co. (OTCMKTS:TOTTF) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 287,900 shares, an increase of 35.4% from the July 31st total of 212,600 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1,439.5 days. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1,439.5 days.

Toyo Tire Stock Performance

Toyo Tire stock opened at $22.57 on Wednesday. Toyo Tire has a 12-month low of $14.65 and a 12-month high of $23.39. The company has a 50-day moving average price of $19.23 and a 200 day moving average price of $17.38.

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.