TomTom (OTCMKTS:TMOAF) Short Interest Update

TomTom (OTCMKTS:TMOAF) was the target of a large drop in short interest in 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 daily trading volume, of 100 shares, the days-to-cover ratio is presently 2,795.0 days.

Analysts Set New Price Targets

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

TomTom Stock Performance

Shares of TMOAF stock remained flat at $5.55 during trading on Friday. TomTom has a 1-year low of $4.93 and a 1-year high of $7.99. The stock has a 50-day moving average of $5.44 and a two-hundred day moving average of $5.73.

TomTom (OTCMKTS:TMOAF) last released its quarterly earnings results on Friday, October 11th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $154.67 million for the quarter.

TomTom Company Profile

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.