PostNL (OTCMKTS:TNTFF) Sees Large Increase in Short Interest

PostNL (OTCMKTS:TNTFF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,205,514 shares, a growth of 40.7% from the February 26th total of 857,068 shares. Based on an average trading volume of 20 shares, the short-interest ratio is presently 60,275.7 days.

PostNL Price Performance

Shares of TNTFF opened at $1.40 on Friday. PostNL has a 12-month low of $1.14 and a 12-month high of $1.40. The business has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.21.

About PostNL

PostNL NV is a leading provider of postal and logistics services in the Netherlands, specializing in the delivery of mail, parcels and e-commerce solutions. The company offers end-to-end logistics support, including fulfillment, direct marketing, warehousing and supply chain management, designed to meet the needs of both consumers and business clients. Its service portfolio also encompasses last-mile delivery, digital tracking and returns management to support a wide range of customer requirements.

Tracing its roots to the early Dutch state postal service of the 18th century, PostNL became an independent listed company in October 2011 following its spin-off from Royal KPN N.V.