Tomra Systems ASA (OTCMKTS:TMRAY) Short Interest Up 150.0% in September

Tomra Systems ASA (OTCMKTS:TMRAY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,500 shares, an increase of 150.0% from the September 15th total of 3,000 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 0.6 days.

Tomra Systems ASA Price Performance

Shares of TMRAY stock opened at $12.10 on Tuesday. Tomra Systems ASA has a one year low of $11.68 and a one year high of $16.94. The company’s 50-day moving average is $14.90 and its 200 day moving average is $14.91.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Kepler Capital Markets upgraded shares of Tomra Systems ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 18th. Nordea Equity Research raised Tomra Systems ASA to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Tomra Systems ASA currently has an average rating of “Strong Buy”.

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.