Kao Co. (OTCMKTS:KAOOY – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 97,862 shares, a decline of 49.4% from the July 30th total of 193,325 shares. Based on an average daily trading volume, of 79,214 shares, the days-to-cover ratio is presently 1.2 days.
KAO Trading Up 0.7%
Shares of KAOOY traded up $0.05 during midday trading on Monday, hitting $7.58. 17,298 shares of the company traded hands, compared to its average volume of 221,964. The stock has a 50-day moving average of $7.11 and a 200-day moving average of $7.53. KAO has a one year low of $5.46 and a one year 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.
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