Tomra Systems ASA (OTCMKTS:TMRAY) Sees Significant Decline in Short Interest

Tomra Systems ASA (OTCMKTS:TMRAY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,721 shares, a decline of 42.0% from the September 30th total of 8,134 shares. Based on an average daily volume of 20,946 shares, the short-interest ratio is currently 0.2 days.

Tomra Systems ASA Stock Performance

Shares of TMRAY opened at $10.35 on Monday. The stock’s 50-day moving average is $10.28 and its two-hundred day moving average is $11.12. Tomra Systems ASA has a 12 month low of $9.08 and a 12 month high of $14.18.

Tomra Systems ASA (OTCMKTS:TMRAY) last posted its earnings results on Friday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $421.19 million for the quarter, compared to analyst estimates of $394.62 million.

Tomra Systems ASA Company Profile

Tomra Systems ASA is a Norway-based technology company that develops solutions for resource recovery and the circular economy. Its businesses focus on collection, sorting, and processing technologies designed to help recover valuable materials, reduce waste, and improve the efficiency of resource use.

The company’s TOMRA Collection business provides reverse-vending machines and related systems for collecting used beverage containers. Its TOMRA Recycling operations offer sensor-based sorting equipment and digital solutions for separating materials such as plastics, metals, paper, and other recyclable products.