Tomra Systems ASA (OTCMKTS:TMRAY) Sees Significant Decline in Short Interest

Tomra Systems ASA (OTCMKTS:TMRAYGet Rating) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,700 shares, a decline of 29.2% from the March 31st total of 2,400 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is currently 0.3 days.

Several equities analysts recently issued reports on TMRAY shares. Pareto Securities raised Tomra Systems ASA from a “sell” rating to a “hold” rating in a report on Friday, February 4th. Morgan Stanley cut their price target on Tomra Systems ASA from 486.00 to 470.00 in a research note on Thursday, February 24th.

Shares of Tomra Systems ASA stock opened at $39.61 on Friday. Tomra Systems ASA has a 1 year low of $39.44 and a 1 year high of $72.08. The business has a 50 day moving average price of $48.93 and a 200 day moving average price of $57.26.

Tomra Systems ASA (OTCMKTS:TMRAYGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.28 earnings per share for the quarter. The company had revenue of $349.47 million for the quarter.

The company also recently announced a dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, May 2nd will be issued a $0.2635 dividend. The ex-dividend date is Friday, April 29th. This represents a yield of 1.08%.

About Tomra Systems ASA (Get Rating)

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through three divisions: Collection, Recycling Mining, and Food. The Collection division engages in the development, production, sale, and service of reverse vending machines and related data management systems.

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