Kesko Oyj (OTCMKTS:KKOYY) Sees Large Drop in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,000 shares, a decrease of 83.1% from the November 15th total of 5,900 shares. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is presently 0.0 days.

Kesko Oyj Trading Down 0.2 %

Kesko Oyj stock traded down $0.02 during trading hours on Wednesday, reaching $10.04. 2,841 shares of the stock were exchanged, compared to its average volume of 7,565. Kesko Oyj has a twelve month low of $8.40 and a twelve month high of $10.89. The stock has a 50 day moving average of $10.16 and a two-hundred day moving average of $9.67.

Kesko Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 15th were given a dividend of $0.1435 per share. This is a positive change from Kesko Oyj’s previous dividend of $0.13. The ex-dividend date was Tuesday, October 15th. Kesko Oyj’s dividend payout ratio (DPR) is currently 56.00%.

About Kesko Oyj

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.