Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Grows By 220.1%

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

Konecranes Price Performance

Shares of OTCMKTS:KNCRF remained flat at $64.70 on Wednesday. Konecranes has a 1-year low of $44.81 and a 1-year high of $71.18. The company’s 50-day simple moving average is $66.00 and its 200 day simple moving average is $65.14.

About Konecranes

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.