Kesko Oyj (OTCMKTS:KKOYY) Short Interest Up 140.4% in May

Kesko Oyj (OTCMKTS:KKOYY) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 136,005 shares, a growth of 140.4% from the April 30th total of 56,585 shares. Based on an average trading volume of 87,338 shares, the days-to-cover ratio is currently 1.6 days.

Kesko Oyj Price Performance

Shares of OTCMKTS KKOYY traded down $0.33 during mid-day trading on Monday, reaching $11.84. 30,426 shares of the company traded hands, compared to its average volume of 31,707. Kesko Oyj has a fifty-two week low of $10.11 and a fifty-two week high of $13.07. The stock has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $11.55.

Kesko Oyj Company Profile

Kesko Oyj is a Finnish retail conglomerate headquartered in Helsinki. The company operates through four main divisions—grocery trade, building and technical trade, car trade, and agricultural and machinery trade—serving both consumer and professional customers. Kesko is publicly listed on the Nasdaq Helsinki exchange and maintains an American Depositary Receipt (ADR) program on the OTC market under the ticker KKOYY.

In its grocery trade segment, Kesko supplies a network of K-food stores, including K-Citymarket, K-Supermarket and K-Market, offering fresh produce, everyday household goods, and private-label products.