Tomra Systems ASA (OTCMKTS:TMRAY) was the recipient of a significant decrease in short interest in the month of May. As of May 28th, there was short interest totalling 300 shares, a decrease of 85.0% from the May 13th total of 2,000 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 0.2 days.
Separately, Kepler Capital Markets lowered shares of Tomra Systems ASA from a “buy” rating to a “hold” rating in a research note on Monday, April 26th.
TMRAY traded up $1.94 on Friday, reaching $54.39. The company’s stock had a trading volume of 499 shares, compared to its average volume of 1,556. Tomra Systems ASA has a fifty-two week low of $33.56 and a fifty-two week high of $54.65. The business has a 50 day simple moving average of $49.26.
About Tomra Systems ASA
Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three divisions: Collection Solutions, Recycling Mining, and Food Solutions. The Collection Solutions division engages in the development, production, rental, sale, and service of reverse vending machines and related data management systems.
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