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

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 52,500 shares, an increase of 220.1% from the December 31st total of 16,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 525.0 days.

Konecranes Price Performance

KNCRF stock opened at $64.70 on Friday. The firm has a 50-day moving average price of $64.99 and a 200-day moving average price of $65.37. Konecranes has a 12 month low of $44.81 and a 12 month high of $71.18.

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.