TomTom (OTCMKTS:TMOAY) Sees Significant Increase in Short Interest

TomTom (OTCMKTS:TMOAY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 44,500 shares, a growth of 7,316.7% from the December 15th total of 600 shares. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 1.4 days.

TomTom Stock Performance

Shares of OTCMKTS:TMOAY traded down $0.12 during midday trading on Wednesday, hitting $2.85. 300 shares of the stock traded hands, compared to its average volume of 2,620. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.71. TomTom has a one year low of $2.48 and a one year high of $4.12.

About TomTom

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.