Konecranes Plc (OTCMKTS:KNCRF) Sees Large Growth in Short Interest

Konecranes Plc (OTCMKTS:KNCRF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 52,500 shares, an increase 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 presently 525.0 days.

Konecranes Stock Performance

Shares of KNCRF opened at $64.70 on Thursday. The stock has a fifty day moving average price of $66.00 and a two-hundred day moving average price of $65.14. Konecranes has a 52-week low of $44.81 and a 52-week high of $71.18.

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.