Kesko Oyj (OTCMKTS:KKOYY) Sees Large Drop in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,400 shares, a decrease of 17.2% from the January 31st total of 2,900 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 0.4 days.

Kesko Oyj Trading Down 0.4 %

KKOYY stock traded down $0.04 during mid-day trading on Thursday, reaching $10.09. 1,908 shares of the stock traded hands, compared to its average volume of 6,225. The business has a 50-day moving average price of $9.31 and a two-hundred day moving average price of $9.83. Kesko Oyj has a one year low of $8.40 and a one year high of $10.89.

Kesko Oyj Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 26th will be issued a $0.1212 dividend. The ex-dividend date is Wednesday, March 26th. Kesko Oyj’s payout ratio is 56.00%.

Kesko Oyj Company Profile

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.