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

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant 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 daily trading volume, of 15,800 shares, the days-to-cover ratio is presently 1.5 days.

Kesko Oyj Price Performance

OTCMKTS KKOYY opened at $10.01 on Friday. The stock’s fifty day moving average price is $9.66 and its 200 day moving average price is $9.85. Kesko Oyj has a 1 year low of $8.40 and a 1 year high of $10.89.

Kesko Oyj Cuts Dividend

The company also recently disclosed 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 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.