kneat.com, inc. (OTCMKTS:KSIOF) Sees Large Decline in Short Interest

kneat.com, inc. (OTCMKTS:KSIOF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,233,453 shares, a decrease of 35.5% from the May 31st total of 1,912,808 shares. Based on an average trading volume of 328,240 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KSIOF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of kneat.com in a research report on Wednesday, May 13th. TD Securities cut kneat.com from a “buy” rating to a “sell” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

kneat.com Price Performance

Shares of KSIOF stock opened at $3.62 on Thursday. kneat.com has a 52 week low of $2.25 and a 52 week high of $4.66. The firm has a 50 day moving average of $3.93 and a two-hundred day moving average of $3.38.

About kneat.com

kneat.com, inc., together with its subsidiaries, designs, develops, and supplies software for data and document management within regulated environments in North America, Europe, and the Asia Pacific. The company offers the Kneat Gx platform, a configurable off-the-shelf application focused on validation lifecycle management and testing for biotechnology, pharmaceutical, and medical device manufacturing industries. Its platform is used in various applications, including document management, analytical instrument validation, method validation, commissioning and qualification, drawing management, utility and facility validation, cold chain validation, electronic logbook management, process validation, computer system validation, and cleaning validation.