Short Interest in Koç Holding A.S. (OTCMKTS:KHOLY) Grows By 76.9%

Koç Holding A.S. (OTCMKTS:KHOLYGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,300 shares, a growth of 76.9% from the March 15th total of 1,300 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is presently 0.7 days.

Separately, JPMorgan Chase & Co. upped their price target on Koç Holding A.S. from 33.80 to 56.30 in a report on Tuesday, March 29th.

Shares of OTCMKTS KHOLY traded up $0.32 during midday trading on Friday, hitting $13.82. 58,819 shares of the stock traded hands, compared to its average volume of 19,327. The firm has a 50-day moving average of $12.22 and a two-hundred day moving average of $12.00. Koç Holding A.S. has a one year low of $8.71 and a one year high of $14.74.

The company also recently declared a dividend, which will be paid on Tuesday, April 26th. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.2426 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a dividend yield of 1.79%.

About Koç Holding A.S. (Get Rating)

Koç Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. The company's energy business operates petroleum refineries; distributes petroleum products and liquefied petroleum gases; and generates electricity through hydroelectric, natural gas, coal, thermal, and solar power and other renewable plants.

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