Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Up ∞ in June

Tomra Systems ASA (OTCMKTS:TMRAY – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 5 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 3,239 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “overweight” rating on shares of Tomra Systems ASA in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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Tomra Systems ASA Stock Performance

Shares of OTCMKTS:TMRAY opened at $10.27 on Friday. The firm has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $11.62. Tomra Systems ASA has a twelve month low of $9.28 and a twelve month high of $16.09.

Tomra Systems ASA Company Profile

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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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