Clarkson PLC (OTCMKTS:CKNHF) Sees Large Decline in Short Interest

Clarkson PLC (OTCMKTS:CKNHF) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decrease of 25.0% from the March 31st total of 800 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.4 days.

Several brokerages recently issued reports on CKNHF. HSBC downgraded Clarkson from a “buy” rating to a “hold” rating in a research note on Friday, April 16th. JPMorgan Chase & Co. raised Clarkson from a “neutral” rating to an “overweight” rating in a research note on Friday, April 23rd.

Shares of CKNHF remained flat at $$41.00 during midday trading on Tuesday. The stock had a trading volume of 1 shares, compared to its average volume of 1,462. Clarkson has a 52 week low of $25.50 and a 52 week high of $41.30. The business has a 50-day simple moving average of $38.37 and a 200 day simple moving average of $35.26.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment provides services to ship owners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.

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