kneat.com, inc. (OTCMKTS:KSIOF) Short Interest Down 35.5% in June

kneat.com, inc. (OTCMKTS:KSIOF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,233,453 shares, a decline of 35.5% from the May 31st total of 1,912,808 shares. Based on an average daily volume of 328,240 shares, the days-to-cover ratio is currently 3.8 days.

kneat.com Price Performance

Shares of KSIOF opened at $3.62 on Thursday. kneat.com has a 12-month low of $2.25 and a 12-month high of $4.66. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $3.38.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of kneat.com in a report on Wednesday, May 13th. TD Securities lowered shares of kneat.com from a “buy” rating to a “sell” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

kneat.com Company Profile

kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in North America, Europe, and the Asia Pacific. The company offers the Kneat Gx platform, a configurable off-the-shelf application focused on validation lifecycle management and testing for biotechnology, pharmaceutical, and medical device manufacturing industries. Its platform is used in various applications, including document management, analytical instrument validation, method validation, commissioning and qualification, drawing management, utility and facility validation, cold chain validation, electronic logbook management, process validation, computer system validation, and cleaning validation.