Kinaxis Inc. (OTCMKTS:KXSCF) Short Interest Update

Kinaxis Inc. (OTCMKTS:KXSCF) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 92,501 shares, a drop of 39.2% from the April 15th total of 152,220 shares. Based on an average daily volume of 8,350 shares, the short-interest ratio is currently 11.1 days. Approximately 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kinaxis Stock Performance

OTCMKTS:KXSCF traded up $2.62 on Tuesday, hitting $103.13. The stock had a trading volume of 100 shares, compared to its average volume of 10,466. The business’s 50-day simple moving average is $102.36 and its two-hundred day simple moving average is $110.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.82 billion and a price-to-earnings ratio of 59.96. Kinaxis has a 52-week low of $84.70 and a 52-week high of $158.91.

Kinaxis Company Profile

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.