Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Rises By 78.9%

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 77,806 shares, a growth of 78.9% from the February 26th total of 43,494 shares. Based on an average trading volume of 35 shares, the short-interest ratio is presently 2,223.0 days.

Konecranes Price Performance

OTCMKTS KNCRF traded down $66.87 during trading on Friday, hitting $32.63. 516 shares of the company’s stock traded hands, compared to its average volume of 529. Konecranes has a 12-month low of $32.63 and a 12-month high of $113.40. The business has a 50 day moving average of $102.29 and a 200-day moving average of $95.36.

About Konecranes

Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.