Short Interest in Tomra Systems ASA (OTCMKTS:TMRAY) Grows By 3,200.0%

Tomra Systems ASA (OTCMKTS:TMRAY) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,900 shares, an increase of 3,200.0% from the May 15th total of 300 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Tomra Systems ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Tomra Systems ASA Stock Down 0.4%

Shares of Tomra Systems ASA stock opened at $16.00 on Thursday. Tomra Systems ASA has a 12-month low of $12.00 and a 12-month high of $16.94. The stock has a 50 day moving average price of $14.72 and a two-hundred day moving average price of $14.43.

Tomra Systems ASA Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.133 per share. This represents a dividend yield of 0.85%. The ex-dividend date was Thursday, May 8th. This is a boost from Tomra Systems ASA’s previous dividend of $0.12. Tomra Systems ASA’s payout ratio is currently 5.28%.

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.