Kesko Oyj (OTCMKTS:KKOYY) Sees Large Decline in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 800 shares, a decline of 96.7% from the March 15th total of 23,900 shares. Based on an average trading volume of 22,400 shares, the short-interest ratio is currently 0.0 days.

Kesko Oyj Stock Performance

OTCMKTS KKOYY traded up $0.16 on Wednesday, reaching $11.19. The stock had a trading volume of 108,261 shares, compared to its average volume of 17,161. The firm has a fifty day moving average of $9.97 and a two-hundred day moving average of $9.86. Kesko Oyj has a 1-year low of $8.40 and a 1-year high of $11.22.

Kesko Oyj Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 26th will be given a dividend of $0.1212 per share. The ex-dividend date of this dividend is Wednesday, March 26th. Kesko Oyj’s dividend payout ratio is 56.00%.

Kesko Oyj Company Profile

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.