Konecranes Plc (OTCMKTS:KNCRY) Short Interest Update

Konecranes Plc (OTCMKTS:KNCRY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decrease of 47.1% from the February 29th total of 3,400 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is currently 0.6 days.

Konecranes Stock Performance

Shares of OTCMKTS:KNCRY remained flat at $10.73 during mid-day trading on Thursday. Konecranes has a one year low of $5.89 and a one year high of $10.95. The company has a 50 day moving average price of $9.70 and a 200 day moving average price of $8.05.

Konecranes Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 25th. Shareholders of record on Tuesday, April 2nd will be given a $0.2932 dividend. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from Konecranes’s previous dividend of $0.15. Konecranes’s dividend payout ratio (DPR) is currently 57.17%.

About Konecranes

Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.