kneat.com, inc. (OTCMKTS:KSIOF) Sees Large Drop in Short Interest

kneat.com, inc. (OTCMKTS:KSIOF) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,233,453 shares, a decline of 35.5% from the May 31st total of 1,912,808 shares. Based on an average trading volume of 328,240 shares, the short-interest ratio is presently 3.8 days.

kneat.com Stock Performance

Shares of kneat.com stock remained flat at $4.56 during trading on Friday. 54,921 shares of the stock were exchanged, compared to its average volume of 39,728. The firm has a 50-day simple moving average of $3.96 and a 200-day simple moving average of $3.39. kneat.com has a 12 month low of $2.25 and a 12 month high of $4.66.

Analysts Set New Price Targets

KSIOF has been the topic of a number of research analyst reports. TD Securities cut kneat.com from a “buy” rating to a “sell” rating in a research note on Monday, June 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of kneat.com in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, kneat.com has an average rating of “Hold”.

kneat.com Company Profile

kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in North America, Europe, and the Asia Pacific. The company offers the Kneat Gx platform, a configurable off-the-shelf application focused on validation lifecycle management and testing for biotechnology, pharmaceutical, and medical device manufacturing industries. Its platform is used in various applications, including document management, analytical instrument validation, method validation, commissioning and qualification, drawing management, utility and facility validation, cold chain validation, electronic logbook management, process validation, computer system validation, and cleaning validation.