TomTom (OTCMKTS:TMOAY) Short Interest Down 87.9% in April

TomTom (OTCMKTS:TMOAYGet Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,601 shares, a decline of 87.9% from the April 15th total of 29,738 shares. Based on an average daily trading volume, of 2,128 shares, the days-to-cover ratio is presently 1.7 days.

TomTom Stock Performance

Shares of OTCMKTS:TMOAY opened at $2.70 on Tuesday. The stock has a fifty day simple moving average of $2.71 and a two-hundred day simple moving average of $3.01. TomTom has a 12-month low of $2.43 and a 12-month high of $3.88.

TomTom Company Profile

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TomTom N.V. (OTCMKTS:TMOAY) is a Dutch multinational specializing in location technology and mapping products. The company develops and licenses digital maps, real-time traffic information, and navigational services for automotive, enterprise and consumer markets. Its offerings span embedded in-car navigation systems, telematics solutions for fleet management, location-based services through APIs and mobile SDKs, as well as standalone GPS devices and wearable sports watches.

Since its founding in 1991 by entrepreneurs Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux, TomTom has grown from a GPS device manufacturer into a global provider of map content and services.

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