Tomra Systems ASA (OTCMKTS:TMRAY) Sees Large Decrease in Short Interest

Tomra Systems ASA (OTCMKTS:TMRAY) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 700 shares, a decrease of 22.2% from the March 31st total of 900 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.4 days.

Tomra Systems ASA Stock Down 1.6 %

Shares of TMRAY opened at $12.59 on Tuesday. The business’s 50-day moving average is $14.21 and its two-hundred day moving average is $11.55. Tomra Systems ASA has a fifty-two week low of $7.32 and a fifty-two week high of $16.86.

Tomra Systems ASA Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 29th will be paid a $0.1199 dividend. This is an increase from Tomra Systems ASA’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, April 26th. Tomra Systems ASA’s dividend payout ratio is presently 4.88%.

About Tomra Systems ASA

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