Klöckner & Co SE (OTCMKTS:KLKNF) Sees Large Growth in Short Interest

Klöckner & Co SE (OTCMKTS:KLKNF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 115,535 shares, an increase of 54.5% from the March 15th total of 74,779 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 231.1 days.

Klöckner & Co SE Price Performance

KLKNF opened at $14.19 on Thursday. The firm has a 50 day moving average price of $13.36 and a 200 day moving average price of $10.11. Klöckner & Co SE has a 1 year low of $6.10 and a 1 year high of $14.19.

Klöckner & Co SE Company Profile

Klöckner & Co SE is a Germany-based international distributor of steel and metal products, offering comprehensive sourcing, supply and value-added services to industrial customers. With a network of service centers and warehouses across Europe and North America, the company specializes in logistics solutions designed to optimize inventory management and reduce delivery times for manufacturers in the automotive, construction, energy, and engineering sectors.

The company’s product portfolio encompasses a broad range of carbon steel, stainless steel, and nonferrous metal materials, including sheet, plate, pipe and tube, rebar, and structural sections.