TomTom (OTCMKTS:TMOAF) Short Interest Up 50.4% in March

TomTom (OTCMKTS:TMOAF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 54,600 shares, an increase of 50.4% from the March 15th total of 36,300 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 78.0 days.

TMOAF stock opened at $9.74 on Friday. TomTom has a 12 month low of $6.57 and a 12 month high of $11.40. The firm has a 50 day simple moving average of $9.19 and a 200 day simple moving average of $8.83.

TomTom (OTCMKTS:TMOAF) last posted its earnings results on Thursday, February 4th. The company reported ($0.61) EPS for the quarter. The business had revenue of $149.60 million for the quarter.

Several analysts have commented on TMOAF shares. UBS Group reaffirmed a “buy” rating on shares of TomTom in a research note on Wednesday, January 13th. Barclays reaffirmed an “equal weight” rating on shares of TomTom in a research note on Thursday, January 14th.

TomTom Company Profile

TomTom N.V. develops and sells navigation and location-based products and services worldwide. It operates through three segments: Automotive, Enterprise, and Consumer. The company offers standard definition, advanced driver assistance system (ADAS), and high definition maps; map application programming interfaces and software development kits; navigation software; and traffic online services to automotive customers, including original equipment manufacturers and tier 1 head unit vendors, as well as application developers, Internet of Things experts, fleet and logistic management providers, governments, and cloud service providers.

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