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

Kinaxis Inc. (OTCMKTS:KXSCF) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 270,800 shares, an increase of 18.6% from the August 15th total of 228,400 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 25.5 days.

Kinaxis Price Performance

Shares of Kinaxis stock traded down $0.94 during mid-day trading on Tuesday, hitting $113.83. 5,403 shares of the stock were exchanged, compared to its average volume of 5,043. The company has a 50-day simple moving average of $113.45 and a 200 day simple moving average of $111.57. Kinaxis has a twelve month low of $93.39 and a twelve month high of $125.44.

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.