Kao Co. (OTCMKTS:KAOOY) Short Interest Update
by Sarita Garza · The Markets DailyKao Co. (OTCMKTS:KAOOY – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 264,699 shares, a growth of 143.4% from the June 30th total of 108,764 shares. Based on an average daily trading volume, of 374,804 shares, the days-to-cover ratio is presently 0.7 days.
KAO Stock Up 2.0%
Shares of KAOOY opened at $6.65 on Tuesday. The stock’s fifty day simple moving average is $7.21 and its 200-day simple moving average is $7.64. KAO has a 12-month low of $5.46 and a 12-month high of $8.07.
KAO Company Profile
Founded in 1887 with its roots in soap manufacturing, KAO Corporation has evolved into a global consumer goods and specialty chemicals company headquartered in Tokyo. The company develops, manufactures and markets a broad portfolio of products spanning personal care, skin care, hair care, cosmetics, toiletries and fabric and home care. Well-known brands include Bioré in facial cleansing, Jergens in body lotions, John Frieda in hair care and Attack in laundry detergents.
In addition to consumer products, KAO operates a chemicals division that develops functional materials and specialty chemicals for industrial customers.