Toshiba Co. (OTCMKTS:TOSYY – Get Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 14,600 shares, a drop of 66.7% from the April 30th total of 43,800 shares. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 0.2 days.
OTCMKTS TOSYY traded down $0.34 during trading hours on Friday, reaching $22.46. 18,913 shares of the company were exchanged, compared to its average volume of 35,631. Toshiba has a 1 year low of $17.36 and a 1 year high of $23.30. The business’s 50 day simple moving average is $20.56 and its 200-day simple moving average is $20.38. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $19.46 billion, a P/E ratio of 12.21 and a beta of 0.77.
Separately, Jefferies Financial Group lowered shares of Toshiba from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
Toshiba Corporation, together with its subsidiaries, provides electronic devices and storage solutions worldwide. It operates through Energy Systems and Solutions, Infrastructure Systems and Solutions, Building Solutions, Retail and Printing Solutions, Electronic Devices and Storage Solutions, Digital Solutions, and Other segments.
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