Kinaxis Inc. (OTCMKTS:KXSCF) Sees Significant Increase in Short Interest

Kinaxis Inc. (OTCMKTS:KXSCF) was the target of a significant increase in short interest during the month of 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 trading volume of 27,400 shares, the days-to-cover ratio is presently 5.1 days.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a report on Friday, February 28th.

Kinaxis Stock Down 3.0 %

Shares of OTCMKTS:KXSCF traded down $3.31 during midday trading on Friday, reaching $108.66. The company had a trading volume of 17,726 shares, compared to its average volume of 11,323. Kinaxis has a one year low of $98.96 and a one year high of $133.00. The stock’s fifty day moving average price is $113.95 and its 200-day moving average price is $117.71.

Kinaxis Company Profile

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.