Kainos Group plc (OTCMKTS:KNNNF) Short Interest Up 456.1% in June

Kainos Group plc (OTCMKTS:KNNNF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 31,756 shares, an increase of 456.1% from the May 31st total of 5,710 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Kainos Group Stock Performance

Shares of KNNNF remained flat at $10.06 during trading hours on Friday. The firm has a 50-day moving average of $10.06 and a 200 day moving average of $11.82. Kainos Group has a 52-week low of $9.76 and a 52-week high of $14.65.

Analysts Set New Price Targets

A number of research firms recently issued reports on KNNNF. Panmure Gordon upgraded Kainos Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kainos Group in a research note on Tuesday, May 19th. Finally, BNP Paribas Exane started coverage on shares of Kainos Group in a report on Monday, April 27th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Kainos Group has an average rating of “Moderate Buy”.

Kainos Group Company Profile

Kainos Group PLC (OTCMKTS: KNNNF) is a Northern Ireland–based digital services and software company that specializes in helping public sector and commercial clients transform their operations through cloud computing, digital platforms and bespoke application development. The company’s core offerings encompass end-to-end consultancy—from strategy and design through to build, deployment and ongoing managed services—enabling organizations to modernize legacy systems and deliver enhanced user experiences.

The business is organized around two primary practices.