Toyota Motor Co. (NYSE:TM) Sees Significant Growth in Short Interest

Toyota Motor Co. (NYSE:TM - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,430,000 shares, a growth of 45.9% from the March 15th total of 980,100 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 390,200 shares, the days-to-cover ratio is presently 3.7 days.

Toyota Motor Stock Performance

Shares of Toyota Motor stock traded up $3.87 during trading on Wednesday, reaching $182.57. The company's stock had a trading volume of 184,489 shares, compared to its average volume of 364,146. Toyota Motor has a 52 week low of $155.00 and a 52 week high of $235.68. The firm has a market cap of $246.00 billion, a PE ratio of 7.54, a P/E/G ratio of 0.35 and a beta of 0.64. The business's 50-day moving average price is $179.87 and its 200-day moving average price is $179.75. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

Toyota Motor (NYSE:TM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. Equities analysts forecast that Toyota Motor will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

TM has been the subject of several research reports. StockNews.com raised Toyota Motor from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Macquarie upgraded shares of Toyota Motor from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 4th. CLSA cut shares of Toyota Motor from an "outperform" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein initiated coverage on Toyota Motor in a research report on Monday, April 14th. They issued a "market perform" rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Toyota Motor has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TM. Wood Tarver Financial Group LLC acquired a new position in shares of Toyota Motor in the 4th quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in Toyota Motor during the fourth quarter worth $31,000. Trust Co. of Vermont boosted its holdings in shares of Toyota Motor by 113.3% in the 4th quarter. Trust Co. of Vermont now owns 160 shares of the company's stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Parvin Asset Management LLC bought a new position in shares of Toyota Motor in the 4th quarter valued at $32,000. Finally, Roxbury Financial LLC acquired a new position in shares of Toyota Motor during the 4th quarter worth $41,000. Institutional investors and hedge funds own 1.48% of the company's stock.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.