Kao Co. (OTCMKTS:KAOOY – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 152,434 shares, a drop of 52.6% from the April 30th total of 321,522 shares. Based on an average daily volume of 474,071 shares, the short-interest ratio is presently 0.3 days.
KAO Stock Up 0.3%
Shares of OTCMKTS:KAOOY opened at $7.63 on Friday. KAO has a 12-month low of $7.14 and a 12-month high of $9.80. The business has a fifty day simple moving average of $7.55 and a 200 day simple moving average of $7.92.
About KAO
Founded in 1887 with its roots in soap manufacturing, KAO Corporation has evolved into a global consumer goods and specialty chemicals company headquartered in Tokyo. The company develops, manufactures and markets a broad portfolio of products spanning personal care, skin care, hair care, cosmetics, toiletries and fabric and home care. Well-known brands include Bioré in facial cleansing, Jergens in body lotions, John Frieda in hair care and Attack in laundry detergents.
In addition to consumer products, KAO operates a chemicals division that develops functional materials and specialty chemicals for industrial customers.
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