PostNL (OTCMKTS:TNTFF) Short Interest Update

PostNL (OTCMKTS:TNTFF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,793,357 shares, an increase of 48.8% from the March 15th total of 1,205,514 shares. Based on an average daily trading volume, of 1,102 shares, the days-to-cover ratio is currently 1,627.4 days.

PostNL Price Performance

Shares of PostNL stock opened at $1.40 on Tuesday. The business’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $1.23. PostNL has a 52-week low of $1.14 and a 52-week high of $1.40.

PostNL Company Profile

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.