Kesko Oyj (OTCMKTS:KKOYY) Sees Significant Decrease in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,400 shares, a drop of 41.7% from the February 13th total of 2,400 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is presently 0.1 days.

Kesko Oyj Stock Performance

Shares of Kesko Oyj stock traded down $0.25 on Friday, hitting $10.10. 33,435 shares of the company traded hands, compared to its average volume of 6,713. The stock’s 50 day moving average price is $9.44 and its 200-day moving average price is $9.84. Kesko Oyj has a 52 week low of $8.40 and a 52 week high of $10.89.

Kesko Oyj Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.1212 per share. The ex-dividend date is Wednesday, March 26th. Kesko Oyj’s dividend payout ratio is presently 56.00%.

Kesko Oyj Company Profile

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.