TomTom (OTCMKTS:TMOAF) Sees Significant Decrease in Short Interest

TomTom (OTCMKTS:TMOAF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 126,800 shares, a decrease of 58.9% from the June 15th total of 308,611 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

TomTom Stock Performance

Shares of TMOAF opened at $7.24 on Tuesday. The firm has a 50-day moving average price of $7.24 and a 200 day moving average price of $7.23. TomTom has a 52-week low of $4.09 and a 52-week high of $7.90.

TomTom (OTCMKTS:TMOAF) last released its quarterly earnings results on Thursday, April 16th. The company reported $0.13 EPS for the quarter. The company had revenue of $151.14 million for the quarter.

About TomTom

TomTom NV is a Netherlands-based technology company specializing in navigation, mapping and location-based services for consumer, automotive and enterprise customers. The company’s core offerings include digital map content, real-time traffic information and software solutions for advanced driver assistance systems (ADAS), telematics and fleet management. TomTom’s consumer division also produces portable GPS devices, sports watches and mobile applications, catering to individual users seeking personal navigation solutions.

Founded in 1991 by Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux, TomTom introduced its first consumer navigation device in 2004 and expanded its footprint through the acquisition of map provider Tele Atlas in 2008.