Short Interest in Tomra Systems ASA (OTCMKTS:TMRAY) Increases By 29,144.0%

Tomra Systems ASA (OTCMKTS:TMRAY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 58,488 shares, an increase of 29,144.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 192,590 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “overweight” rating on shares of Tomra Systems ASA in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Tomra Systems ASA Stock Down 4.7%

Shares of OTCMKTS TMRAY opened at $10.26 on Friday. The company has a fifty day moving average price of $10.97 and a 200 day moving average price of $11.06. Tomra Systems ASA has a 1-year low of $9.28 and a 1-year high of $16.09.

About Tomra Systems ASA

Tomra Systems ASA, headquartered in Asker, Norway, is a leading provider of sensor‐based sorting and collection solutions for the recycling, food and mining industries. The company’s core offering centers on reverse vending machines (RVMs) that automate the collection and sorting of used beverage containers in deposit‐return schemes. In addition, Tomra designs and manufactures advanced sorting equipment that employs near‐infrared (NIR), X-ray and laser technologies to separate materials such as plastics, metals, glass and paper, as well as to optimize yield and quality in food processing operations.

Founded in 1972 by brothers Petter and Tore Planke, Tomra pioneered the use of automated collection technology to support environmental sustainability and resource recovery.