Torm Plc’s recently made public that its 10% Owner OCM Njord Holdings S.a r.l. acquired Company’s shares for reported $120.65 million on Sep 30 ’24. In the deal valued at $34.19 per share,3,528,866 shares were bought.
H.C. Wainwright initiated its Torm Plc [TRMD] rating to a Buy in a research note published on April 12, 2022; the price target was $14.
Price Performance Review of TRMD
On Friday, Torm Plc [NASDAQ:TRMD] saw its stock fall -2.67% to $20.39. Over the last five days, the stock has lost -8.07%. Torm Plc shares have risen nearly 4.83% since the year began. Nevertheless, the stocks have fallen -38.75% over the past one year. While a 52-week high of $40.47 was reached on 01/13/25, a 52-week low of $17.77 was recorded on 01/17/25. SMA at 50 days reached $21.10, while 200 days put it at $31.64.
Levels Of Support And Resistance For TRMD Stock
The 24-hour chart illustrates a support level at 19.87, which if violated will result in even more drops to 19.36. On the upside, there is a resistance level at 20.82. A further resistance level may holdings at 21.26. The Relative Strength Index (RSI) on the 14-day chart is 46.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.75%. Stochastics %K at 54.61% indicates the stock is a holding.
How much short interest is there in Torm Plc?
A steep rise in short interest was recorded in Torm Plc stocks on 2024-12-31, growing by 1.13 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.71 million shares. There was a rise of 23.34%, which implies that there is a positive sentiment for the stock.
