PostNL (OTCMKTS:PSTNY – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,230 shares, an increase of 89.7% from the September 15th total of 2,230 shares. Based on an average daily volume of 382 shares, the days-to-cover ratio is presently 11.1 days.
PostNL Stock Performance
OTCMKTS PSTNY remained flat at $0.99 on Friday. PostNL has a one year low of $0.89 and a one year high of $0.99. The business’s fifty day moving average price is $1.04 and its two-hundred day moving average price is $1.19.
About PostNL
PostNL N.V. is a Dutch postal and logistics company that provides mail, parcel delivery and e-commerce services. Its activities include collecting, sorting and delivering letters and packages, as well as offering related logistics and fulfillment solutions for businesses and online retailers.
The company serves customers primarily in the Netherlands and also has operations and delivery activities in Belgium and Luxembourg. PostNL supports both consumer and business shipments, including domestic and cross-border parcel services, returns management and delivery options designed for e-commerce.
PostNL was established following the separation of TNT’s mail and express businesses, and began operating as an independent postal company in 2011.
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