Konecranes Plc (OTCMKTS:KNCRY) Short Interest Update

Konecranes Plc (OTCMKTS:KNCRY) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 509 shares, a decline of 57.2% from the June 15th total of 1,189 shares. Based on an average daily volume of 202 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

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

Konecranes Price Performance

KNCRY remained flat at $7.66 during trading hours on Tuesday. The company had a trading volume of 3 shares, compared to its average volume of 2,654. The business’s fifty day moving average is $7.85 and its 200-day moving average is $14.84. Konecranes has a 12-month low of $3.12 and a 12-month high of $10.20.

About Konecranes

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.