Kesko Oyj (OTCMKTS:KKOYY) Short Interest Update

Kesko Oyj (OTCMKTS:KKOYY) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 56,947 shares, an increase of 447.5% from the November 30th total of 10,402 shares. Based on an average daily volume of 79,467 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 79,467 shares, the days-to-cover ratio is currently 0.7 days.

Kesko Oyj Stock Down 0.2%

Shares of OTCMKTS KKOYY traded down $0.02 during midday trading on Friday, hitting $11.02. The company had a trading volume of 9,325 shares, compared to its average volume of 28,764. Kesko Oyj has a twelve month low of $8.71 and a twelve month high of $12.74. The business has a 50-day simple moving average of $10.73 and a two-hundred day simple moving average of $11.13.

Kesko Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.0605 per share. This is a positive change from Kesko Oyj’s previous dividend of $0.06. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a dividend yield of 221.0%. Kesko Oyj’s dividend payout ratio is presently 56.00%.

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.