Posted by admin on Jun 10th, 2022
Klöckner & Co SE (OTCMKTS:KLKNF – Get Rating) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 76,100 shares, a growth of 8,355.6% from the May 15th total of 900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 761.0 days.
Shares of OTCMKTS KLKNF remained flat at $$10.83 during trading hours on Friday. The business’s 50 day simple moving average is $11.57 and its 200-day simple moving average is $11.52. Klöckner & Co SE has a twelve month low of $10.83 and a twelve month high of $12.70.
A number of research analysts have recently commented on KLKNF shares. Cheuvreux upgraded Klöckner & Co SE from a “hold” rating to a “buy” rating in a report on Friday, March 25th. Deutsche Bank Aktiengesellschaft upped their price target on Klöckner & Co SE from €17.20 ($18.49) to €17.80 ($19.14) and gave the stock a “buy” rating in a report on Thursday, May 5th.
About Klöckner & Co SE (Get Rating)
Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through three segments: Kloeckner Metals US, Kloeckner Metals EU, and Kloeckner Metals Non-EU. The company's product portfolio includes flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and special products for building installations, roof and wall construction, and water supply.
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