Kesko Oyj (OTCMKTS:KKOYY) Short Interest Up 1,607.1% in March

Kesko Oyj (OTCMKTS:KKOYY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 23,900 shares, a growth of 1,607.1% from the February 28th total of 1,400 shares. Based on an average trading volume of 15,800 shares, the days-to-cover ratio is currently 1.5 days.

Kesko Oyj Stock Down 2.4 %

Shares of OTCMKTS KKOYY traded down $0.25 during trading on Thursday, hitting $9.98. 33,100 shares of the company were exchanged, compared to its average volume of 7,452. The company has a fifty day moving average price of $9.64 and a 200-day moving average price of $9.84. Kesko Oyj has a 12-month low of $8.40 and a 12-month high of $10.89.

Kesko Oyj Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 26th will be issued a $0.1212 dividend. The ex-dividend date is Wednesday, March 26th. Kesko Oyj’s payout ratio is 56.00%.

Kesko Oyj Company Profile

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.