Klöckner & Co SE (OTCMKTS:KLKNF) Sees Large Drop in Short Interest

Klöckner & Co SE (OTCMKTS:KLKNFGet Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 67,535 shares, a decline of 44.2% from the July 30th total of 121,027 shares. Based on an average daily trading volume, of 1 shares, the days-to-cover ratio is currently 67,535.0 days.

Klöckner & Co SE Price Performance

Shares of OTCMKTS:KLKNF remained flat at $13.86 during midday trading on Friday. The company’s 50 day simple moving average is $13.87 and its 200 day simple moving average is $13.79. Klöckner & Co SE has a twelve month low of $6.10 and a twelve month high of $14.19.

About Klöckner & Co SE

(Get Free Report)

Klöckner & Co SE is a Germany-based international distributor of steel and metal products, offering comprehensive sourcing, supply and value-added services to industrial customers. With a network of service centers and warehouses across Europe and North America, the company specializes in logistics solutions designed to optimize inventory management and reduce delivery times for manufacturers in the automotive, construction, energy, and engineering sectors.

The company’s product portfolio encompasses a broad range of carbon steel, stainless steel, and nonferrous metal materials, including sheet, plate, pipe and tube, rebar, and structural sections.

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