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

Tomra Systems ASA (OTCMKTS:TMRAY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 150 shares, a decrease of 37.0% from the July 15th total of 238 shares. Based on an average daily trading volume, of 1,737 shares, the short-interest ratio is presently 0.1 days.

Tomra Systems ASA Stock Down 2.0%

OTCMKTS:TMRAY opened at $11.05 on Wednesday. Tomra Systems ASA has a 52-week low of $9.28 and a 52-week high of $16.09. The stock’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $11.26.

Wall Street Analyst Weigh In

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

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.