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

Kinaxis Inc. (OTCMKTS:KXSCF) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 80,600 shares, an increase of 25.3% from the October 31st total of 64,300 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 24.4 days.

Kinaxis Stock Up 4.2 %

Shares of KXSCF stock traded up $5.23 during trading on Monday, hitting $130.26. 8,000 shares of the stock traded hands, compared to its average volume of 5,013. Kinaxis has a 52-week low of $98.96 and a 52-week high of $130.26. The firm’s fifty day moving average price is $117.40 and its 200-day moving average price is $114.30.

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.