Konecranes Plc (OTCMKTS:KNCRF) Sees Significant Decline in Short Interest

Konecranes Plc (OTCMKTS:KNCRF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 34,600 shares, a drop of 21.0% from the February 29th total of 43,800 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 346.0 days.

Konecranes Price Performance

Shares of OTCMKTS KNCRF remained flat at $51.93 during midday trading on Monday. The stock had a trading volume of 1 shares, compared to its average volume of 300. The company’s 50-day simple moving average is $48.56 and its 200 day simple moving average is $43.63. Konecranes has a 1-year low of $40.15 and a 1-year high of $52.47.

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.