Tomra Systems ASA (OTCMKTS:TMRAY) Sees Large Increase in Short Interest

Tomra Systems ASA (OTCMKTS:TMRAY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 5 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 3,239 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Barclays reiterated an “overweight” rating on shares of Tomra Systems ASA in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Tomra Systems ASA Stock Performance

OTCMKTS TMRAY opened at $10.04 on Wednesday. Tomra Systems ASA has a twelve month low of $9.28 and a twelve month high of $16.09. The stock has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $11.67.

About Tomra Systems ASA

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.