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

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 800 shares, a decrease of 96.7% from the March 15th total of 23,900 shares. Based on an average trading volume of 22,400 shares, the short-interest ratio is currently 0.0 days.

Kesko Oyj Stock Performance

Shares of KKOYY stock traded up $0.16 during trading hours on Wednesday, hitting $11.19. 108,261 shares of the company were exchanged, compared to its average volume of 17,161. The business’s 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $9.86. Kesko Oyj has a one year low of $8.40 and a one year high of $11.22.

Kesko Oyj Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 26th will be paid a $0.1212 dividend. The ex-dividend date is Wednesday, March 26th. Kesko Oyj’s payout ratio is 56.00%.

Kesko Oyj Company Profile

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.