Konecranes Plc (OTCMKTS:KNCRF) Sees Significant Growth in Short Interest

Konecranes Plc (OTCMKTS:KNCRF) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 72.0% from the October 15th total of 7,500 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Konecranes Price Performance

Konecranes stock opened at $40.15 on Tuesday. Konecranes has a 1-year low of $39.62 and a 1-year high of $42.00. The firm’s fifty day moving average price is $40.15 and its two-hundred day moving average price is $40.27.

About Konecranes

Konecranes Plc manufactures, sells, and services lifting equipment. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers specialized maintenance services and spare parts for industrial cranes and hoists. In addition, it provides a range of industrial cranes for general manufacturing and various process industries, as well as involved in design and manufacture of crane components.