Konecranes Plc (OTCMKTS:KNCRF) Sees Large Growth in Short Interest

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 52,500 shares, a growth of 220.1% from the December 15th total of 16,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 525.0 days.

Konecranes Stock Performance

Konecranes stock opened at $64.70 on Thursday. Konecranes has a one year low of $44.81 and a one year high of $71.18. The business has a 50 day simple moving average of $66.00 and a 200 day simple moving average of $65.14.

Konecranes Company Profile

Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.