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.
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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