Kits Eyecare Ltd. (OTCMKTS:KTYCF) Sees Significant Growth in Short Interest

Kits Eyecare Ltd. (OTCMKTS:KTYCF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,600 shares, an increase of 166.7% from the December 15th total of 600 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 0.7 days.

KTYCF has been the subject of several recent research reports. decreased their price target on Kits Eyecare from C$11.00 to C$8.00 and set a “buy” rating for the company in a report on Wednesday, November 17th. Scotiabank decreased their price target on Kits Eyecare from C$7.50 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, November 17th.

Kits Eyecare stock opened at $1.99 on Friday. The stock has a 50-day moving average price of $2.04 and a 200 day moving average price of $3.09. Kits Eyecare has a 52 week low of $1.73 and a 52 week high of $8.19.

Kits Eyecare Company Profile

Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. The company provides contact lenses, eyeglasses, and frames; and online eyewear fitting, virtual try-on, pupillary distance measurement, and an integrated online vision test services under the KITS brand through its websites and mobile platform.

Further Reading: Resistance Level

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