Konecranes Plc (OTCMKTS:KNCRF) Sees Significant Growth in Short Interest

Konecranes Plc (OTCMKTS:KNCRF – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 180,146 shares, an increase of 129.8% from the August 31st total of 78,404 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Konecranes Price Performance

Shares of KNCRF remained flat at $37.95 on Friday. 50 shares of the company traded hands, compared to its average volume of 587. Konecranes has a 12 month low of $30.29 and a 12 month high of $113.40. The firm has a 50 day simple moving average of $30.77 and a 200 day simple moving average of $38.99.

Konecranes Company Profile

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Konecranes Plc is a Finland-based industrial equipment company that designs, manufactures and services lifting equipment and material-handling systems. Its offerings include industrial cranes, components, lifting accessories, software and related automation solutions used in manufacturing, shipyards, warehouses and other industrial environments.

The company also provides equipment and services for ports and terminals, including container-handling cranes, mobile harbor cranes, reach stackers and automated solutions.

Further Reading

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