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

Konecranes Plc (OTCMKTS:KNCRY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 100 shares, a drop of 80.0% from the November 30th total of 500 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 0.3 days.

Konecranes Price Performance

Konecranes stock remained flat at $12.85 during trading hours on Thursday. The firm has a fifty day moving average of $13.47 and a 200-day moving average of $12.71. Konecranes has a 1 year low of $9.35 and a 1 year high of $14.30.

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.