Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Up 29,144.0% in August

Tomra Systems ASA (OTCMKTS:TMRAY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 58,488 shares, an increase of 29,144.0% from the August 15th total of 200 shares. Based on an average daily volume of 192,590 shares, the days-to-cover ratio is presently 0.3 days.

Tomra Systems ASA Stock Down 4.7%

Shares of OTCMKTS TMRAY traded down $0.51 during midday trading on Thursday, hitting $10.26. The stock had a trading volume of 21,096 shares, compared to its average volume of 9,713. Tomra Systems ASA has a fifty-two week low of $9.28 and a fifty-two week high of $16.09. The company’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $11.07.

Analyst Upgrades and Downgrades

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

Tomra Systems ASA Company Profile

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.