Kesko Oyj (OTCMKTS:KKOYY) Sees Large Decline in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 300 shares, a decrease of 70.0% from the November 30th total of 1,000 shares. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is presently 0.0 days.

Kesko Oyj Trading Down 0.2 %

Kesko Oyj stock traded down $0.33 during trading hours on Friday, reaching $9.33. 18,382 shares of the stock were exchanged, compared to its average volume of 8,317. Kesko Oyj has a twelve month low of $8.40 and a twelve month high of $10.89. The stock has a 50 day moving average of $10.00 and a two-hundred day moving average of $9.71.

Kesko Oyj Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Tuesday, January 14th will be given a dividend of $0.1311 per share. The ex-dividend date is Tuesday, January 14th. This represents a $0.52 annualized dividend and a dividend yield of 5.62%. Kesko Oyj’s dividend payout ratio is 56.00%.

About Kesko Oyj

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.