K+S Aktiengesellschaft (OTCMKTS:KPLUF) Short Interest Down 16.5% in April

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 117,737 shares, a drop of 16.5% from the March 31st total of 141,068 shares. Based on an average daily trading volume, of 116 shares, the days-to-cover ratio is currently 1,015.0 days.

Wall Street Analyst Weigh In

KPLUF has been the subject of a number of research reports. Scotiabank downgraded K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. DZ Bank upgraded K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, K+S Aktiengesellschaft currently has an average rating of “Sell”.

K+S Aktiengesellschaft Price Performance

Shares of OTCMKTS KPLUF opened at $18.15 on Friday. The stock has a 50 day moving average price of $18.42 and a 200 day moving average price of $15.82. K+S Aktiengesellschaft has a 52 week low of $13.04 and a 52 week high of $21.21.

K+S Aktiengesellschaft Company Profile

K+S Aktiengesellschaft is a Germany-based specialty chemicals and fertilizer company with a primary focus on the extraction and production of potash and salt. The company traces its origins back to the late 19th century, when potassium mining began in the Werra district of central Germany. Today, K+S operates as an independent publicly traded enterprise, leveraging decades of experience in mineral resources to serve agricultural and industrial markets worldwide.

The company’s core business activities include the mining, processing and marketing of potash and magnesium products for use in crop nutrition, as well as the sale of salt for de-icing, water treatment and industrial applications.