Koç Holding A.S. (OTCMKTS:KHOLY) Short Interest Down 58.8% in March

Koç Holding A.S. (OTCMKTS:KHOLY) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a drop of 58.8% from the March 15th total of 3,400 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.3 days.

Koç Holding A.S. Stock Performance

Shares of Koç Holding A.S. stock opened at $19.57 on Wednesday. Koç Holding A.S. has a one year low of $18.34 and a one year high of $41.78. The stock’s 50-day moving average is $21.69 and its 200 day moving average is $24.44.

Koç Holding A.S. (OTCMKTS:KHOLY) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $65.81 billion for the quarter.

Koç Holding A.S. Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be paid a $0.6996 dividend. The ex-dividend date of this dividend is Friday, April 11th. Koç Holding A.S.’s payout ratio is presently 13.91%.

About Koç Holding A.S.

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, wind, thermal, and solar power and other renewable plants.