Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Down 59.5% in September

Tomra Systems ASA (OTCMKTS:TMRAY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,000 shares, a decrease of 59.5% from the August 31st total of 7,400 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 0.3 days.

Tomra Systems ASA Stock Performance

Shares of Tomra Systems ASA stock opened at $14.99 on Friday. The business has a 50-day moving average of $15.04 and a two-hundred day moving average of $15.00. Tomra Systems ASA has a 1 year low of $12.33 and a 1 year high of $16.94.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Tomra Systems ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

About Tomra Systems ASA

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three segments: TOMRA Collection, TOMRA Recycling, and TOMRA Food. The TOMRA Collection segment engages in the development, production, sale, and service of reverse vending machines and related data management systems.