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

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 23,900 shares, an increase 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 presently 1.5 days.

Kesko Oyj Stock Performance

Shares of OTCMKTS:KKOYY traded down $0.25 during mid-day trading on Thursday, reaching $9.98. 33,100 shares of the company were exchanged, compared to its average volume of 7,452. Kesko Oyj has a 1 year low of $8.40 and a 1 year high of $10.89. The firm’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $9.84.

Kesko Oyj Cuts Dividend

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

About Kesko Oyj

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.