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

Kinaxis Inc. (OTCMKTS:KXSCF) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 87,100 shares, a decline of 9.3% from the December 15th total of 96,000 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 26.4 days.

Kinaxis Stock Up 0.7 %

KXSCF traded up $0.80 on Friday, reaching $121.59. 2,838 shares of the company’s stock were exchanged, compared to its average volume of 3,742. Kinaxis has a twelve month low of $98.96 and a twelve month high of $133.00. The company’s 50 day moving average is $123.39 and its 200-day moving average is $117.63.

About Kinaxis

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.