Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Update

Tomra Systems ASA (OTCMKTS:TMRAY – Get Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 700 shares, a drop of 58.8% from the April 15th total of 1,700 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.1 days.

Shares of OTCMKTS:TMRAY opened at $36.44 on Friday. Tomra Systems ASA has a 1 year low of $34.07 and a 1 year high of $72.08. The business’s 50 day moving average price is $47.00 and its 200-day moving average price is $55.67.

Tomra Systems ASA (OTCMKTS:TMRAY – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $349.47 million for the quarter.

The company also recently disclosed a dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, May 2nd will be issued a $0.2635 dividend. The ex-dividend date is Friday, April 29th. This represents a yield of 1.08%.

A number of equities research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Tomra Systems ASA from 470.00 to 450.00 in a research note on Tuesday, May 3rd. Pareto Securities upgraded Tomra Systems ASA from a “sell” rating to a “hold” rating in a research report on Friday, February 4th.

About Tomra Systems ASA (Get Rating)

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

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