Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Up 29,144.0% in August

Tomra Systems ASA (OTCMKTS:TMRAY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 58,488 shares, an increase of 29,144.0% from the August 15th total of 200 shares. Based on an average daily volume of 192,590 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “overweight” rating on shares of Tomra Systems ASA in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tomra Systems ASA presently has a consensus rating of “Buy”.

Tomra Systems ASA Stock Performance

Shares of OTCMKTS TMRAY traded down $0.51 during trading hours on Thursday, reaching $10.26. The stock had a trading volume of 21,096 shares, compared to its average volume of 9,713. Tomra Systems ASA has a twelve month low of $9.28 and a twelve month high of $16.09. The business’s fifty day moving average is $10.96 and its two-hundred day moving average is $11.07.

Tomra Systems ASA Company Profile

Tomra Systems ASA, headquartered in Asker, Norway, is a leading provider of sensor?based sorting and collection solutions for the recycling, food and mining industries. The company’s core offering centers on reverse vending machines (RVMs) that automate the collection and sorting of used beverage containers in deposit?return schemes. In addition, Tomra designs and manufactures advanced sorting equipment that employs near?infrared (NIR), X-ray and laser technologies to separate materials such as plastics, metals, glass and paper, as well as to optimize yield and quality in food processing operations.

Founded in 1972 by brothers Petter and Tore Planke, Tomra pioneered the use of automated collection technology to support environmental sustainability and resource recovery.