Konecranes Plc (OTCMKTS:KNCRF) Sees Large Increase in Short Interest

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 61,600 shares, an increase of 87.2% from the March 15th total of 32,900 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 102.7 days.

Konecranes Price Performance

Shares of KNCRF stock remained flat at $57.29 during trading hours on Friday. Konecranes has a 1 year low of $52.50 and a 1 year high of $74.35. The firm has a 50-day moving average price of $68.39 and a 200 day moving average price of $66.66.

Konecranes Company Profile

Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.