Krones AG (OTCMKTS:KRNTY) Stock Short Interest Jumps 183.7%

Krones AG (OTCMKTS:KRNTY) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 261 shares, a growth of 183.7% from the October 15th total of 92 shares. Based on an average daily volume of 73 shares, the short-interest ratio is currently 3.6 days.

Krones Price Performance

Krones stock opened at $64.56 on Friday. Krones has a fifty-two week low of $64.15 and a fifty-two week high of $82.00. The stock’s 50 day simple moving average is $64.33 and its two-hundred day simple moving average is $68.74.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein started coverage on Krones in a research report on Wednesday, September 23rd. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Krones

Krones AG is a Germany-based engineering and manufacturing company that develops complete systems for producing, filling, packaging and distributing beverages and liquid food products. Its solutions include process technology, filling and labeling equipment, packaging machinery, container production systems and material-handling equipment. The company also provides digital services, lifecycle support and technologies for water treatment, recycling and resource-efficient production. In addition to breweries and beverage manufacturers, Krones serves customers in the food, dairy, chemical, pharmaceutical and cosmetics industries.