Kesko Oyj (OTCMKTS:KKOYY) Short Interest Down 17.2% in February

Kesko Oyj (OTCMKTS:KKOYY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,400 shares, a decline of 17.2% from the January 31st total of 2,900 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 0.4 days.

Kesko Oyj Price Performance

Shares of Kesko Oyj stock opened at $10.04 on Friday. The business has a 50 day simple moving average of $9.32 and a two-hundred day simple moving average of $9.83. Kesko Oyj has a 12 month low of $8.40 and a 12 month high of $10.89.

Kesko Oyj Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 26th will be issued a $0.1212 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. Kesko Oyj’s payout ratio is currently 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.