Kinaxis Inc. (OTCMKTS:KXSCF – Get Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 138,800 shares, an increase of 59.0% from the February 28th total of 87,300 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 5.1 days.
Kinaxis Stock Performance
OTCMKTS KXSCF traded down $3.31 during trading hours on Friday, hitting $108.66. 17,726 shares of the company’s stock were exchanged, compared to its average volume of 11,323. The business’s 50 day moving average is $113.95 and its 200-day moving average is $117.71. Kinaxis has a 12-month low of $98.96 and a 12-month high of $133.00.
Analysts Set New Price Targets
Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Friday, February 28th.
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.
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