Short Interest in Kainos Group plc (OTCMKTS:KNNNF) Expands By 456.1%

Kainos Group plc (OTCMKTS:KNNNF – Get Free Report) was the recipient of a large increase in short interest during 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 trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kainos Group in a research note on Tuesday, May 19th. Panmure Gordon upgraded Kainos Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BNP Paribas Exane initiated coverage on Kainos Group in a research report on Monday, April 27th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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Kainos Group Price Performance

OTCMKTS:KNNNF remained flat at $10.06 during trading hours on Friday. The business has a fifty day moving average price of $10.06 and a 200-day moving average price of $11.82. Kainos Group has a fifty-two week low of $9.76 and a fifty-two week high of $14.65.

About Kainos Group

(Get Free Report)

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.

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