Konecranes Plc (OTCMKTS:KNCRF) Sees Significant Drop in Short Interest

Konecranes Plc (OTCMKTS:KNCRF – Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 71,894 shares, a decline of 43.9% from the July 15th total of 128,162 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Konecranes Stock Performance

Shares of Konecranes stock remained flat at $30.29 during trading on Monday. Konecranes has a 12-month low of $30.29 and a 12-month high of $113.40. The business’s 50-day simple moving average is $31.11 and its 200 day simple moving average is $53.91.

About Konecranes

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Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.

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