Short Interest in Kesko Oyj (OTCMKTS:KKOYY) Expands By 1,350.0%

Kesko Oyj (OTCMKTS:KKOYY) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,900 shares, a growth of 1,350.0% from the January 15th total of 200 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is currently 0.2 days.

Kesko Oyj Stock Performance

Shares of Kesko Oyj stock traded up $0.13 during trading on Friday, hitting $9.12. 1,370 shares of the stock traded hands, compared to its average volume of 6,837. The stock’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $9.80. Kesko Oyj has a 52-week low of $8.40 and a 52-week high of $10.89.

Kesko Oyj Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Tuesday, January 14th were given a $0.1311 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.52 annualized dividend and a dividend yield of 5.75%. Kesko Oyj’s payout ratio is presently 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.