Konecranes Plc (OTCMKTS:KNCRY) Short Interest Update

Konecranes Plc (OTCMKTS:KNCRY) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 509 shares, a decrease of 57.2% from the June 15th total of 1,189 shares. Based on an average daily trading volume, of 202 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Separately, Danske upgraded shares of Konecranes from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Konecranes has an average rating of “Buy”.

Konecranes Price Performance

Shares of Konecranes stock remained flat at $7.66 during trading on Tuesday. The stock had a trading volume of 3 shares, compared to its average volume of 2,654. The firm’s fifty day simple moving average is $7.85 and its two-hundred day simple moving average is $14.84. Konecranes has a twelve month low of $3.12 and a twelve month high of $10.20.

Konecranes Company Profile

Konecranes Oyj, traded on the OTC market under the symbol KNCRY, is a global leader in the design, manufacture, and service of industrial cranes and material handling equipment. The company offers a wide range of lifting solutions, from overhead cranes and hoists to mobile harbor cranes and heavy-duty dockyard equipment. Konecranes integrates advanced mechanical systems with digital technologies to deliver efficient, reliable, and safe lifting operations across various industries.

In addition to its core engineering and manufacturing capabilities, Konecranes provides aftermarket services that encompass preventive maintenance, inspections, modernization, spare parts supply, and remote monitoring solutions.