Grenke AG (OTCMKTS:GKSGF) Sees Significant Drop in Short Interest

Grenke AG (OTCMKTS:GKSGFGet Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 10,695 shares, a drop of 67.0% from the April 15th total of 32,392 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Grenke Price Performance

GKSGF remained flat at $17.27 during trading hours on Friday. The firm’s 50 day moving average is $17.27 and its 200-day moving average is $18.53. Grenke has a 1-year low of $17.27 and a 1-year high of $21.75.

About Grenke

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Grenke AG, headquartered in Baden-Baden, Germany, is a specialist in asset financing solutions for small and medium-sized enterprises. Established in 1978 by Wolfgang Grenke, the company pioneered leasing as an alternative to traditional bank lending for office technology and IT equipment, providing businesses with flexible financing that preserves working capital.

The company’s core product suite includes leasing of printers, copiers, IT hardware, telecommunication devices and software.

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