Short Base Rising for Toro Co.

Toro (TTC) makes lawn mowers and other products for professional and residential use. Toro's professional products include irrigation equipment, mowers for commercial use, riding and walk-behind power mowers for golf course fairways and greens, trimmers, and utility vehicles.

Short base (as measured by Percent Shares Outstanding on Loan) in TTC has risen by 9% over the past month, up to 18.48%. TTC’s share price seems to be recovering from a rough patch, and over the same period the price has risen 12%. Utilization (the measure of supply and demand in the securities lending market) is 64%. On Thursday 21st May, TTC will announce Q2 earnings with expectations of $0.908.

Competitor’s of TTC, Deere (DE) and Black and Decker (BDK) have much lower short base, with 2.97% and 3.38% respectively.

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