Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Update

Tomra Systems ASA (OTCMKTS:TMRAY) was the recipient of a large increase in short interest in 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.

Tomra Systems ASA Trading Down 0.3%

Shares of TMRAY stock opened at $10.23 on Friday. The firm’s fifty day moving average price is $10.97 and its two-hundred day moving average price is $11.05. Tomra Systems ASA has a 1 year low of $9.28 and a 1 year high of $16.09.

Wall Street Analysts Forecast Growth

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

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.