Klöckner & Co SE (OTCMKTS:KLKNF) Short Interest Down 29.3% in December

Klöckner & Co SE (OTCMKTS:KLKNF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 37,271 shares, a drop of 29.3% from the December 15th total of 52,739 shares. Based on an average daily trading volume, of 55 shares, the days-to-cover ratio is currently 677.7 days. Based on an average daily trading volume, of 55 shares, the days-to-cover ratio is currently 677.7 days.

Klöckner & Co SE Trading Up 24.5%

Klöckner & Co SE stock traded up $2.50 during midday trading on Friday, reaching $12.70. 56,503 shares of the company’s stock were exchanged, compared to its average volume of 11,761. Klöckner & Co SE has a 52 week low of $6.10 and a 52 week high of $12.70. The stock’s 50-day simple moving average is $8.37 and its 200 day simple moving average is $7.92.

About Klöckner & Co SE

Klöckner & Co SE is a Germany-based international distributor of steel and metal products, offering comprehensive sourcing, supply and value-added services to industrial customers. With a network of service centers and warehouses across Europe and North America, the company specializes in logistics solutions designed to optimize inventory management and reduce delivery times for manufacturers in the automotive, construction, energy, and engineering sectors.

The company’s product portfolio encompasses a broad range of carbon steel, stainless steel, and nonferrous metal materials, including sheet, plate, pipe and tube, rebar, and structural sections.