Kesko Oyj (OTCMKTS:KKOYY) Sees Significant Increase in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 34,338 shares, a growth of 74.8% from the August 15th total of 19,643 shares. Based on an average daily trading volume, of 15,589 shares, the days-to-cover ratio is presently 2.2 days.

Kesko Oyj Price Performance

Shares of KKOYY traded up $0.23 during mid-day trading on Wednesday, hitting $12.76. The stock had a trading volume of 16,448 shares, compared to its average volume of 32,435. The company’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $11.85. Kesko Oyj has a fifty-two week low of $10.11 and a fifty-two week high of $13.19.

About Kesko Oyj

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.