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

Kesko Oyj (OTCMKTS:KKOYYGet Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 31,063 shares, a decrease of 52.0% from the May 31st total of 64,713 shares. Based on an average trading volume of 51,987 shares, the short-interest ratio is presently 0.6 days.

Kesko Oyj Stock Down 0.2%

KKOYY stock traded down $0.02 during trading on Tuesday, hitting $11.12. 72,508 shares of the company’s stock traded hands, compared to its average volume of 33,742. Kesko Oyj has a 52 week low of $10.11 and a 52 week high of $13.07. The stock has a fifty day moving average price of $11.87 and a two-hundred day moving average price of $11.71.

About Kesko Oyj

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Kesko Oyj is a Finnish retail conglomerate headquartered in Helsinki. The company operates through four main divisions—grocery trade, building and technical trade, car trade, and agricultural and machinery trade—serving both consumer and professional customers. Kesko is publicly listed on the Nasdaq Helsinki exchange and maintains an American Depositary Receipt (ADR) program on the OTC market under the ticker KKOYY.

In its grocery trade segment, Kesko supplies a network of K-food stores, including K-Citymarket, K-Supermarket and K-Market, offering fresh produce, everyday household goods, and private-label products.

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