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

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 29,100 shares, a drop of 45.2% from the March 31st total of 53,100 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 32.3 days.

Konecranes Stock Performance

OTCMKTS:KNCRF remained flat at $52.50 during trading hours on Friday. Konecranes has a 1-year low of $40.15 and a 1-year high of $52.50. The stock has a 50 day moving average price of $51.43 and a two-hundred day moving average price of $45.26.

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.