Klöckner & Co SE (OTCMKTS:KLKNF) Sees Significant Increase in Short Interest

Klöckner & Co SE (OTCMKTS:KLKNF) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 24,000 shares, a growth of 30.4% from the October 31st total of 18,400 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 7.7 days.

Klöckner & Co SE Stock Performance

Shares of OTCMKTS:KLKNF opened at $5.35 on Monday. Klöckner & Co SE has a 1 year low of $5.09 and a 1 year high of $7.49. The business has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $5.97.

Klöckner & Co SE Company Profile

Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. The company operates through three segments: Kloeckner Metals Americas, Kloeckner Metals EU, and Kloeckner Metals Non-EU. It offers flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and CO2-reduced steel, stainless steel, and aluminum products for building installations, roof and wall construction, and water supply.