Short Interest in Tomra Systems ASA (OTCMKTS:TMRAY) Decreases By 37.0%

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

Analyst Upgrades and Downgrades

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

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Tomra Systems ASA Stock Performance

Tomra Systems ASA stock opened at $11.49 on Thursday. Tomra Systems ASA has a 1 year low of $9.28 and a 1 year high of $16.09. The business has a 50-day moving average of $10.45 and a 200-day moving average of $11.24.

About Tomra Systems ASA

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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.

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