Short Interest in TomTom (OTCMKTS:TMOAF) Expands By 166.4%

TomTom (OTCMKTS:TMOAF) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 337,824 shares, a growth of 166.4% from the June 30th total of 126,800 shares. Based on an average daily volume of 132 shares, the days-to-cover ratio is currently 2,559.3 days.

TomTom Price Performance

OTCMKTS TMOAF opened at $4.61 on Tuesday. The business has a 50 day simple moving average of $6.76 and a 200 day simple moving average of $7.13. TomTom has a 52-week low of $4.09 and a 52-week high of $7.90.

TomTom (OTCMKTS:TMOAF) last released its earnings results on Wednesday, July 15th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $156.45 million for the quarter.

TomTom Company Profile

TomTom NV is a Netherlands-based technology company specializing in navigation, mapping and location-based services for consumer, automotive and enterprise customers. The company’s core offerings include digital map content, real-time traffic information and software solutions for advanced driver assistance systems (ADAS), telematics and fleet management. TomTom’s consumer division also produces portable GPS devices, sports watches and mobile applications, catering to individual users seeking personal navigation solutions.

Founded in 1991 by Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux, TomTom introduced its first consumer navigation device in 2004 and expanded its footprint through the acquisition of map provider Tele Atlas in 2008.