kneat.com, inc. (OTCMKTS:KSIOF) Short Interest Down 35.5% in June

kneat.com, inc. (OTCMKTS:KSIOFGet Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,233,453 shares, a decline of 35.5% from the May 31st total of 1,912,808 shares. Based on an average daily trading volume, of 328,240 shares, the short-interest ratio is presently 3.8 days.

kneat.com Price Performance

Shares of KSIOF opened at $4.56 on Friday. kneat.com has a one year low of $2.25 and a one year high of $4.66. The stock has a 50-day moving average price of $3.99 and a 200 day moving average price of $3.40.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Securities downgraded kneat.com from a “buy” rating to a “sell” rating in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of kneat.com in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, kneat.com presently has a consensus rating of “Hold”.

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kneat.com Company Profile

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kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in North America, Europe, and the Asia Pacific. The company offers the Kneat Gx platform, a configurable off-the-shelf application focused on validation lifecycle management and testing for biotechnology, pharmaceutical, and medical device manufacturing industries. Its platform is used in various applications, including document management, analytical instrument validation, method validation, commissioning and qualification, drawing management, utility and facility validation, cold chain validation, electronic logbook management, process validation, computer system validation, and cleaning validation.

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