Kinaxis Inc. (OTCMKTS:KXSCF) Sees Large Decrease in Short Interest

Kinaxis Inc. (OTCMKTS:KXSCF) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 92,501 shares, a decline of 39.2% from the April 15th total of 152,220 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 8,350 shares, the days-to-cover ratio is currently 11.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KXSCF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kinaxis Stock Performance

Shares of OTCMKTS:KXSCF traded up $0.46 during mid-day trading on Friday, reaching $100.51. The company had a trading volume of 632 shares, compared to its average volume of 8,368. Kinaxis has a one year low of $84.70 and a one year high of $158.91. The firm has a market cap of $2.75 billion and a price-to-earnings ratio of 58.44. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $102.37 and its 200-day moving average price is $110.59.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.