Konecranes Plc (OTCMKTS:KNCRF) Stock Short Interest Declines 43.9%

by · The Markets Daily

Konecranes Plc (OTCMKTS:KNCRF – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 101,098 shares, a decline of 43.9% from the September 15th total of 180,146 shares. Based on an average trading volume of 964 shares, the short-interest ratio is presently 104.9 days.

Konecranes Stock Performance

Konecranes stock remained flat at $37.95 during trading hours on Friday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 587. The business has a 50 day moving average of $32.89 and a 200 day moving average of $32.13. Konecranes has a 1 year low of $30.29 and a 1 year high of $113.40.

About Konecranes

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Konecranes Plc is a Finland-based industrial company that provides lifting equipment, material-handling solutions and related services for manufacturing, process industries, shipyards, ports and logistics operations. Its offerings include overhead cranes, hoists, industrial lifting systems, workstation lifting equipment and software designed to support the monitoring and management of lifting assets.

The company also supplies port equipment and automation solutions, including cranes and systems used for container handling, bulk material handling and ship-to-shore operations.

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