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

PostNL (OTCMKTS:TNTFF) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 856,694 shares, a drop of 30.1% from the January 29th total of 1,226,348 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

PostNL Price Performance

Shares of OTCMKTS:TNTFF opened at $1.34 on Friday. PostNL has a 12-month low of $1.14 and a 12-month high of $1.34. The business has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.17.

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.