Konecranes Plc (OTCMKTS:KNCRY) Short Interest Down 57.2% in June

Konecranes Plc (OTCMKTS:KNCRY – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 509 shares, a drop of 57.2% from the June 15th total of 1,189 shares. Based on an average trading volume of 202 shares, the short-interest ratio is presently 2.5 days.

Analyst Ratings Changes

Separately, Danske upgraded shares of Konecranes from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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Konecranes Price Performance

Shares of OTCMKTS KNCRY remained flat at $7.66 during mid-day trading on Thursday. Konecranes has a fifty-two week low of $3.12 and a fifty-two week high of $10.20. The firm’s 50 day moving average price is $7.83 and its 200 day moving average price is $14.66.

About Konecranes

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Konecranes Oyj, traded on the OTC market under the symbol KNCRY, is a global leader in the design, manufacture, and service of industrial cranes and material handling equipment. The company offers a wide range of lifting solutions, from overhead cranes and hoists to mobile harbor cranes and heavy-duty dockyard equipment. Konecranes integrates advanced mechanical systems with digital technologies to deliver efficient, reliable, and safe lifting operations across various industries.

In addition to its core engineering and manufacturing capabilities, Konecranes provides aftermarket services that encompass preventive maintenance, inspections, modernization, spare parts supply, and remote monitoring solutions.

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