Torm Plc (NASDAQ:TRMD) Sees Significant Decrease in Short Interest
Torm Plc (NASDAQ:TRMD – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 526,628 shares, a decline of 59.5% from the March 15th total of 1,300,264 shares. Based on an average daily volume of 860,330 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.
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