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

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

TomTom Price Performance

TMOAF traded up $0.00 during trading on Friday, reaching $5.55. The stock has a 50 day moving average of $5.43 and a 200 day moving average of $5.74. TomTom has a 52 week low of $4.93 and a 52 week high of $7.99.

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

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on TomTom

About TomTom

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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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