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

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 57,700 shares, a growth of 350.8% from the September 30th total of 12,800 shares. Based on an average trading volume of 36,600 shares, the days-to-cover ratio is presently 1.6 days.

Kesko Oyj Stock Performance

OTCMKTS KKOYY traded down $0.05 during trading hours on Friday, hitting $9.69. The company had a trading volume of 397 shares, compared to its average volume of 7,178. Kesko Oyj has a 1-year low of $7.96 and a 1-year high of $10.70. The business has a 50 day moving average of $10.15 and a 200-day moving average of $9.37.

Kesko Oyj Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1435 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from Kesko Oyj’s previous dividend of $0.13. Kesko Oyj’s dividend payout ratio (DPR) is 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.