Konecranes Plc (OTCMKTS:KNCRF) Short Interest Update

Konecranes Plc (OTCMKTS:KNCRF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 61,600 shares, an increase of 87.2% from the March 15th total of 32,900 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 102.7 days.

Konecranes Price Performance

Konecranes stock remained flat at $57.29 during midday trading on Friday. The firm’s 50 day simple moving average is $68.39 and its 200-day simple moving average is $66.66. Konecranes has a 12-month low of $52.50 and a 12-month high of $74.35.

Konecranes Company Profile

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.