Short Interest in Konecranes Plc (OTCMKTS:KNCRF) Drops By 45.2%

Konecranes Plc (OTCMKTS:KNCRF) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 29,100 shares, a decrease of 45.2% from the March 31st total of 53,100 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 32.3 days.

Konecranes Price Performance

Shares of Konecranes stock remained flat at $52.50 during trading hours on Friday. Konecranes has a 12-month low of $40.15 and a 12-month high of $52.50. The stock’s 50-day moving average price is $51.43 and its 200-day moving average price is $45.26.

About Konecranes

Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.