Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Drops By 39.7%

Konecranes Plc (OTCMKTS:KNCRF) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 116,678 shares, a decrease of 39.7% from the April 30th total of 193,524 shares. Based on an average trading volume of 421 shares, the short-interest ratio is currently 277.1 days.

Konecranes Stock Performance

OTCMKTS:KNCRF remained flat at $31.41 on Wednesday. The stock’s fifty day moving average is $39.00 and its 200-day moving average is $77.55. Konecranes has a one year low of $30.35 and a one year high of $113.40.

Konecranes Company Profile

Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.