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

Konecranes Plc (OTCMKTS:KNCRF) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 77,806 shares, an increase of 78.9% from the February 26th total of 43,494 shares. Based on an average daily volume of 35 shares, the days-to-cover ratio is presently 2,223.0 days.

Konecranes Stock Performance

OTCMKTS KNCRF opened at $99.50 on Friday. The company has a 50-day simple moving average of $103.51 and a two-hundred day simple moving average of $95.72. Konecranes has a 12-month low of $57.29 and a 12-month high of $113.40.

Konecranes Company Profile

Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.