Kesko Oyj (OTCMKTS:KKOYY) Short Interest Down 70.0% in December

Kesko Oyj (OTCMKTS:KKOYY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 300 shares, a decrease of 70.0% from the November 30th total of 1,000 shares. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is presently 0.0 days.

Kesko Oyj Stock Performance

KKOYY stock traded down $0.33 during trading hours on Friday, reaching $9.33. The stock had a trading volume of 18,382 shares, compared to its average volume of 8,317. The stock has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.71. Kesko Oyj has a fifty-two week low of $8.40 and a fifty-two week high of $10.89.

Kesko Oyj Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, January 14th will be issued a $0.1311 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.52 annualized dividend and a yield of 5.62%. Kesko Oyj’s dividend payout ratio is currently 56.00%.

About Kesko Oyj

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.