Short Interest in Kinaxis Inc. (OTCMKTS:KXSCF) Increases By 100.5%

Kinaxis Inc. (OTCMKTS:KXSCF) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 216,418 shares, an increase of 100.5% from the May 14th total of 107,924 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 12,295 shares, the short-interest ratio is currently 17.6 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KXSCF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Kinaxis Trading Down 0.1%

Shares of KXSCF stock opened at $118.93 on Friday. The firm has a market cap of $3.24 billion and a P/E ratio of 69.15. Kinaxis has a 1-year low of $84.70 and a 1-year high of $158.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50-day simple moving average is $107.23 and its 200-day simple moving average is $109.06.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.