Short Interest in TomTom (OTCMKTS:TMOAF) Drops By 17.0%

TomTom (OTCMKTS:TMOAFGet Free Report) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 279,500 shares, a drop of 17.0% from the October 15th total of 336,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 2,795.0 days.

TomTom Stock Performance

Shares of TMOAF remained flat at $5.55 during trading hours on Friday. TomTom has a 12-month low of $4.93 and a 12-month high of $7.99. The stock’s 50-day moving average price is $5.44 and its 200 day moving average price is $5.73.

TomTom (OTCMKTS:TMOAFGet Free Report) last announced its quarterly earnings results on Friday, October 11th. The company reported ($0.04) EPS for the quarter. The business had revenue of $154.67 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of TomTom to a “strong-buy” rating in a research report on Monday, October 14th.

Get Our Latest Analysis on TMOAF

About TomTom

(Get Free Report)

TomTom NV is engaged in the developing of location technology including maps, navigation software, real-time traffic information, and other services. It operates through the following segments: Location Technology and Consumer. The Location Technology segment is involved in the developing and selling of location based application components, such as maps, services and navigation software to customers in different market segments.

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