Short Interest in Kainos Group plc (OTCMKTS:KNNNF) Declines By 19.1%

Kainos Group plc (OTCMKTS:KNNNF) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,597 shares, a decrease of 19.1% from the February 26th total of 1,975 shares. Based on an average daily volume of 31 shares, the days-to-cover ratio is currently 51.5 days.

Kainos Group Stock Performance

Shares of KNNNF stock remained flat at $10.00 on Monday. Kainos Group has a 1-year low of $9.76 and a 1-year high of $14.65. The firm’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $11.58.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut Kainos Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Kainos Group has a consensus rating of “Hold”.

Kainos Group Company Profile

Kainos Group PLC (OTCMKTS: KNNNF) is a Northern Ireland–based digital services and software company that specializes in helping public sector and commercial clients transform their operations through cloud computing, digital platforms and bespoke application development. The company’s core offerings encompass end-to-end consultancy—from strategy and design through to build, deployment and ongoing managed services—enabling organizations to modernize legacy systems and deliver enhanced user experiences.

The business is organized around two primary practices.