Kao Co. (OTCMKTS:KAOOY – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 153,500 shares, a drop of 50.3% from the March 31st total of 308,900 shares. Based on an average trading volume of 744,600 shares, the days-to-cover ratio is presently 0.2 days.
Separately, The Goldman Sachs Group cut KAO from a “neutral” rating to a “sell” rating in a report on Thursday, March 31st.
Shares of KAOOY opened at $8.02 on Friday. The stock’s 50-day moving average is $8.29 and its two-hundred day moving average is $9.72. KAO has a 12 month low of $7.50 and a 12 month high of $13.25.
Kao Corporation develops and sells cosmetic, skin/hair care, human health care, fabric and home care, and chemical products. It offers face, body, and oral care products; and bath healthcare products, haircare products, hair styling agents, hair coloring agents, clothing and cloth care products, kitchen care products, homecare items, food and sanitary products, thermal supplies, and pet supplies, and other products.
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