Short Interest in Kesko Oyj (OTCMKTS:KKOYY) Increases By 1,607.1%

Kesko Oyj (OTCMKTS:KKOYY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 23,900 shares, a growth of 1,607.1% from the February 28th total of 1,400 shares. Based on an average trading volume of 15,800 shares, the short-interest ratio is presently 1.5 days.

Kesko Oyj Price Performance

OTCMKTS KKOYY traded down $0.25 during trading hours on Wednesday, hitting $9.98. The company’s stock had a trading volume of 33,100 shares, compared to its average volume of 7,452. Kesko Oyj has a 52 week low of $8.40 and a 52 week high of $10.89. The company’s 50-day simple moving average is $9.64 and its two-hundred day simple moving average is $9.84.

Kesko Oyj Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend payout ratio is presently 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.