Konecranes Plc (OTCMKTS:KNCRY – Get Free Report) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 2,429 shares, a decline of 84.8% from the October 15th total of 15,975 shares. Based on an average daily volume of 269 shares, the short-interest ratio is currently 9.0 days.
Konecranes Stock Performance
KNCRY stock remained flat at $8.15 during midday trading on Friday. The company’s stock had a trading volume of 596 shares, compared to its average volume of 2,515. The firm has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $11.16. Konecranes has a 12 month low of $3.12 and a 12 month high of $10.20.
About Konecranes
Konecranes Plc is a Finland-based company that designs, manufactures, and services lifting and material-handling equipment. Its offerings include industrial cranes, hoists, lifting components, workplace lifting systems, and related digital technologies used to improve the safety, efficiency, and productivity of industrial operations. The company also provides equipment and solutions for ports and intermodal terminals. These include ship-to-shore cranes, rubber-tired and automated stacking cranes, lift trucks, reach stackers, and software for managing and automating container-handling operations.
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