Kinaxis Inc. (OTCMKTS:KXSCF – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 96,100 shares, a drop of 35.8% from the August 15th total of 149,600 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 13.9 days. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 13.9 days.
Kinaxis Trading Down 1.2%
Shares of OTCMKTS:KXSCF opened at $134.31 on Wednesday. The company’s 50-day moving average price is $142.27 and its 200 day moving average price is $134.40. Kinaxis has a fifty-two week low of $103.26 and a fifty-two week high of $158.91.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
About Kinaxis
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.
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