Short Interest in Kinaxis Inc. (OTCMKTS:KXSCF) Increases By 100.5%

Kinaxis Inc. (OTCMKTS:KXSCF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 216,418 shares, an increase of 100.5% from the May 14th total of 107,924 shares. Based on an average daily volume of 12,295 shares, the days-to-cover ratio is currently 17.6 days. Currently, 0.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KXSCF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, June 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Kinaxis Price Performance

Kinaxis stock opened at $118.93 on Friday. Kinaxis has a 52 week low of $84.70 and a 52 week high of $158.91. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $107.23 and its 200 day simple moving average is $109.06. The firm has a market capitalization of $3.24 billion and a PE ratio of 69.15.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.