Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Rises By 220.1%

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 52,500 shares, an increase of 220.1% from the December 31st total of 16,400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 525.0 days.

Konecranes Stock Performance

OTCMKTS KNCRF remained flat at $64.70 during mid-day trading on Thursday. The business has a 50 day simple moving average of $65.00 and a two-hundred day simple moving average of $65.37. Konecranes has a fifty-two week low of $44.81 and a fifty-two week high of $71.18.

About Konecranes

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.