Kao Co. (OTCMKTS:KAOOY – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 97,862 shares, a decline of 49.4% from the July 30th total of 193,325 shares. Based on an average daily volume of 79,214 shares, the days-to-cover ratio is presently 1.2 days.
KAO Price Performance
OTCMKTS KAOOY traded down $0.03 on Friday, reaching $7.53. The company had a trading volume of 73,959 shares, compared to its average volume of 223,229. The company’s fifty day moving average is $7.11 and its 200-day moving average is $7.53. KAO has a 1-year low of $5.46 and a 1-year high of $8.07.
KAO Company Profile
Founded in 1887 with its roots in soap manufacturing, KAO Corporation has evolved into a global consumer goods and specialty chemicals company headquartered in Tokyo. The company develops, manufactures and markets a broad portfolio of products spanning personal care, skin care, hair care, cosmetics, toiletries and fabric and home care. Well-known brands include Bioré in facial cleansing, Jergens in body lotions, John Frieda in hair care and Attack in laundry detergents.
In addition to consumer products, KAO operates a chemicals division that develops functional materials and specialty chemicals for industrial customers.
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