Kesko Oyj (OTCMKTS:KKOYY) Short Interest Update

Kesko Oyj (OTCMKTS:KKOYY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 57,700 shares, an increase of 350.8% from the September 30th total of 12,800 shares. Based on an average daily trading volume, of 36,600 shares, the days-to-cover ratio is currently 1.6 days.

Kesko Oyj Stock Performance

Shares of OTCMKTS:KKOYY traded down $0.05 during midday trading on Friday, hitting $9.69. 397 shares of the stock traded hands, compared to its average volume of 7,178. The business’s 50 day moving average is $10.15 and its two-hundred day moving average is $9.37. Kesko Oyj has a one year low of $7.96 and a one year high of $10.70.

Kesko Oyj Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1435 per share. This is a positive change from Kesko Oyj’s previous dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 15th. Kesko Oyj’s dividend 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.