Krones AG (OTCMKTS:KRNTY) Stock Short Interest Rises 183.7%

Krones AG (OTCMKTS:KRNTY) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 261 shares, a growth of 183.7% from the October 15th total of 92 shares. Based on an average daily volume of 73 shares, the days-to-cover ratio is currently 3.6 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein assumed coverage on Krones in a research report on Wednesday, September 23rd. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Krones Price Performance

Shares of Krones stock remained flat at $64.56 during midday trading on Friday. 14 shares of the company traded hands, compared to its average volume of 193. The business has a 50-day moving average price of $64.34 and a two-hundred day moving average price of $68.67. Krones has a 52-week low of $64.15 and a 52-week high of $82.00.

Krones Company Profile

Krones AG is a Germany-based engineering and manufacturing company that develops complete systems for producing, filling, packaging and distributing beverages and liquid food products. Its solutions include process technology, filling and labeling equipment, packaging machinery, container production systems and material-handling equipment. The company also provides digital services, lifecycle support and technologies for water treatment, recycling and resource-efficient production. In addition to breweries and beverage manufacturers, Krones serves customers in the food, dairy, chemical, pharmaceutical and cosmetics industries.