Short Interest in Toyo Suisan Kaisha, Ltd. (OTCMKTS:TSUKY) Rises By 462.4%

Toyo Suisan Kaisha, Ltd. (OTCMKTS:TSUKY) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,517 shares, a growth of 462.4% from the April 30th total of 981 shares. Based on an average trading volume of 9,741 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Toyo Suisan Kaisha to a “market perform” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Toyo Suisan Kaisha Stock Down 1.7%

Shares of OTCMKTS:TSUKY opened at $70.20 on Thursday. Toyo Suisan Kaisha has a 12-month low of $58.14 and a 12-month high of $86.90. The business has a fifty day simple moving average of $68.61 and a 200 day simple moving average of $70.18.

Toyo Suisan Kaisha Company Profile

Toyo Suisan Kaisha, Ltd. is a Japanese integrated food manufacturer established in 1953 and headquartered in Tokyo. The company is publicly traded on the Tokyo Stock Exchange and its shares are available in the United States through the OTCMKTS as TSUKY. Over more than six decades, Toyo Suisan has built a reputation for quality and innovation in the packaged foods industry.

At the core of Toyo Suisan’s operations is the production of instant noodles under the Maruchan and Toyo Suisan brands, offering a wide variety of flavors and formats including cup noodles, pouch-style noodles and bowl-type ramen.