Kao Co. (OTCMKTS:KAOOY) Sees Large Increase in Short Interest

Kao Co. (OTCMKTS:KAOOYGet Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 321,522 shares, a growth of 210.2% from the April 15th total of 103,652 shares. Based on an average daily volume of 530,761 shares, the days-to-cover ratio is presently 0.6 days.

KAO Price Performance

Shares of KAO stock remained flat at $7.38 during trading hours on Friday. The stock had a trading volume of 373,829 shares, compared to its average volume of 197,119. The firm has a 50-day simple moving average of $7.63 and a 200-day simple moving average of $7.99. KAO has a twelve month low of $7.14 and a twelve month high of $9.80.

About KAO

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Founded in 1887 with its roots in soap manufacturing, KAO Corporation has evolved into a global consumer goods and specialty chemicals company headquartered in Tokyo. The company develops, manufactures and markets a broad portfolio of products spanning personal care, skin care, hair care, cosmetics, toiletries and fabric and home care. Well-known brands include Bioré in facial cleansing, Jergens in body lotions, John Frieda in hair care and Attack in laundry detergents.

In addition to consumer products, KAO operates a chemicals division that develops functional materials and specialty chemicals for industrial customers.

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