Kinaxis Inc. (OTCMKTS:KXSCF) Short Interest Update

Kinaxis Inc. (OTCMKTS:KXSCF) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 216,418 shares, an increase of 100.5% from the May 14th total of 107,924 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 12,295 shares, the days-to-cover ratio is presently 17.6 days.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KXSCF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Kinaxis Stock Down 2.1%

Shares of KXSCF stock traded down $2.46 during trading hours on Monday, reaching $116.55. The company had a trading volume of 3 shares, compared to its average volume of 12,142. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. Kinaxis has a twelve month low of $84.70 and a twelve month high of $158.91. The company has a market capitalization of $3.18 billion and a P/E ratio of 67.76. The stock’s fifty day simple moving average is $107.23 and its 200 day simple moving average is $108.95.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.