Short Interest in Konecranes Plc (OTCMKTS:KNCRY) Increases By 100.0%

Konecranes Plc (OTCMKTS:KNCRY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 200 shares, an increase of 100.0% from the August 31st total of 100 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Konecranes to a “buy” rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Konecranes has a consensus rating of “Buy”.

Konecranes Stock Performance

KNCRY opened at $17.47 on Tuesday. Konecranes has a twelve month low of $11.94 and a twelve month high of $18.50. The company has a fifty day moving average of $17.39 and a 200-day moving average of $15.82.

About Konecranes

Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.