Kesko Oyj (OTCMKTS:KKOYY) Sees Significant Increase in Short Interest

Kesko Oyj (OTCMKTS:KKOYY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 34,338 shares, a growth of 74.8% from the August 15th total of 19,643 shares. Based on an average daily volume of 15,589 shares, the days-to-cover ratio is presently 2.2 days.

Kesko Oyj Stock Up 1.9%

Shares of Kesko Oyj stock traded up $0.23 on Wednesday, reaching $12.76. 16,448 shares of the company were exchanged, compared to its average volume of 32,435. Kesko Oyj has a 1-year low of $10.11 and a 1-year high of $13.19. The company’s 50-day moving average is $12.26 and its two-hundred day moving average is $11.85.

Kesko Oyj Company Profile

Kesko Oyj is a Finnish retail conglomerate headquartered in Helsinki. The company operates through four main divisions—grocery trade, building and technical trade, car trade, and agricultural and machinery trade—serving both consumer and professional customers. Kesko is publicly listed on the Nasdaq Helsinki exchange and maintains an American Depositary Receipt (ADR) program on the OTC market under the ticker KKOYY.

In its grocery trade segment, Kesko supplies a network of K-food stores, including K-Citymarket, K-Supermarket and K-Market, offering fresh produce, everyday household goods, and private-label products.