Klöckner & Co SE (OTCMKTS:KLKNF) Sees Significant Decline in Short Interest

Klöckner & Co SE (OTCMKTS:KLKNF) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 67,535 shares, a decrease of 44.2% from the July 30th total of 121,027 shares. Based on an average daily volume of 1 shares, the days-to-cover ratio is currently 67,535.0 days.

Klöckner & Co SE Price Performance

Shares of OTCMKTS KLKNF remained flat at $13.86 during trading hours on Tuesday. The company has a 50 day moving average price of $13.86 and a 200-day moving average price of $13.80. Klöckner & Co SE has a 52-week low of $6.10 and a 52-week high of $14.19.

About Klöckner & Co SE

Klöckner & Co SE is a Germany-based international distributor of steel and metal products, offering comprehensive sourcing, supply and value-added services to industrial customers. With a network of service centers and warehouses across Europe and North America, the company specializes in logistics solutions designed to optimize inventory management and reduce delivery times for manufacturers in the automotive, construction, energy, and engineering sectors.

The company’s product portfolio encompasses a broad range of carbon steel, stainless steel, and nonferrous metal materials, including sheet, plate, pipe and tube, rebar, and structural sections.