Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Rises By 220.1%

Konecranes Plc (OTCMKTS:KNCRF) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 52,500 shares, a growth of 220.1% from the December 31st total of 16,400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 525.0 days.

Konecranes Stock Performance

Shares of Konecranes stock remained flat at $64.70 on Thursday. The stock’s 50-day moving average price is $65.00 and its 200 day moving average price is $65.37. Konecranes has a one year low of $44.81 and a one year high of $71.18.

Konecranes Company Profile

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.