Short Interest in Kesko Oyj (OTCMKTS:KKOYY) Drops By 70.0%

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 300 shares, a decline of 70.0% from the November 30th total of 1,000 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is presently 0.0 days.

Kesko Oyj Stock Performance

Shares of OTCMKTS:KKOYY traded up $0.40 during trading hours on Thursday, hitting $9.66. 17,283 shares of the company’s stock traded hands, compared to its average volume of 8,214. Kesko Oyj has a 52 week low of $8.40 and a 52 week high of $10.89. The company’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.72.

Kesko Oyj Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Tuesday, January 14th will be issued a $0.1311 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Tuesday, January 14th. Kesko Oyj’s payout ratio is 56.00%.

Kesko Oyj Company Profile

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.