Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Down 85.0% in May

Tomra Systems ASA (OTCMKTS:TMRAY) was the recipient of a large drop in short interest in the month of May. As of May 28th, there was short interest totalling 300 shares, a drop of 85.0% from the May 13th total of 2,000 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days.

Separately, Kepler Capital Markets downgraded Tomra Systems ASA from a “buy” rating to a “hold” rating in a research report on Monday, April 26th.

Shares of OTCMKTS:TMRAY traded up $1.94 during midday trading on Friday, reaching $54.39. The company had a trading volume of 499 shares, compared to its average volume of 1,556. The company’s 50 day moving average is $49.26. Tomra Systems ASA has a 1-year low of $33.56 and a 1-year high of $54.65.

The firm also recently declared an annual dividend, which was paid on Monday, May 24th. Investors of record on Thursday, May 13th were issued a dividend of $0.251 per share. This represents a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, May 12th.

Tomra Systems ASA Company Profile

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three divisions: Collection Solutions, Recycling Mining, and Food Solutions. The Collection Solutions division engages in the development, production, rental, sale, and service of reverse vending machines and related data management systems.

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