Grenke AG (OTCMKTS:GKSGF) Sees Large Decrease in Short Interest

Grenke AG (OTCMKTS:GKSGF) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 90,100 shares, a decline of 30.9% from the February 28th total of 130,400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 901.0 days.

Grenke Stock Performance

Grenke stock remained flat at $15.39 during mid-day trading on Friday. Grenke has a 1 year low of $15.39 and a 1 year high of $22.00. The business’s 50 day moving average is $20.41 and its 200-day moving average is $21.43.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.