Toromont Industries Ltd. (OTCMKTS:TMTNF) Short Interest Update

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 trading volume, of 6,300 shares, the short-interest ratio is presently 31.8 days.

Wall Street Analyst Weigh In

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

Toromont Industries Price Performance

OTCMKTS TMTNF opened at $83.72 on Friday. The stock’s fifty day moving average is $91.81 and its two-hundred day moving average is $90.25. Toromont Industries has a fifty-two week low of $79.11 and a fifty-two week high of $98.22.

About Toromont Industries

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.