Kesko Oyj (OTCMKTS:KKOYY) Short Interest Up 2,850.0% in November

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,900 shares, an increase of 2,850.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 1.5 days.

Kesko Oyj Stock Performance

KKOYY traded down $0.01 during trading on Wednesday, hitting $9.98. The stock had a trading volume of 11,165 shares, compared to its average volume of 7,419. Kesko Oyj has a twelve month low of $8.40 and a twelve month high of $10.89. The company’s 50-day moving average price is $10.25 and its 200 day moving average price is $9.62.

Kesko Oyj Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 15th were issued a dividend of $0.1435 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Kesko Oyj’s previous dividend of $0.13. Kesko Oyj’s payout ratio is currently 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.