Short Interest in Konecranes Plc (OTCMKTS:KNCRY) Expands By 400.0%

Konecranes Plc (OTCMKTS:KNCRY) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 500 shares, a growth of 400.0% from the November 15th total of 100 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 1.3 days.

Konecranes Price Performance

Shares of Konecranes stock remained flat at $12.85 on Wednesday. Konecranes has a one year low of $7.82 and a one year high of $14.30. The company’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $12.55.

About Konecranes

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.