Tomra Systems ASA (OTCMKTS:TMRAY) Stock Short Interest Falls 42.0%

Tomra Systems ASA (OTCMKTS:TMRAY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,721 shares, a drop of 42.0% from the September 30th total of 8,134 shares. Based on an average trading volume of 20,946 shares, the short-interest ratio is currently 0.2 days.

Tomra Systems ASA Stock Up 2.3%

Shares of OTCMKTS TMRAY opened at $10.59 on Tuesday. Tomra Systems ASA has a 1 year low of $9.08 and a 1 year high of $14.18. The stock’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $11.11.

Tomra Systems ASA (OTCMKTS:TMRAY) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $421.19 million during the quarter, compared to analyst estimates of $394.62 million.

About Tomra Systems ASA

Tomra Systems ASA is a Norway-based technology company that develops solutions for resource recovery and the circular economy. Its businesses focus on collection, sorting, and processing technologies designed to help recover valuable materials, reduce waste, and improve the efficiency of resource use.

The company’s TOMRA Collection business provides reverse-vending machines and related systems for collecting used beverage containers. Its TOMRA Recycling operations offer sensor-based sorting equipment and digital solutions for separating materials such as plastics, metals, paper, and other recyclable products.