Kao Co. (OTCMKTS:KAOOY) Sees Large Growth in Short Interest

Kao Co. (OTCMKTS:KAOOY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 163,700 shares, a growth of 76.0% from the December 15th total of 93,000 shares. Based on an average daily volume of 215,000 shares, the days-to-cover ratio is currently 0.8 days.

KAO Price Performance

Shares of OTCMKTS:KAOOY opened at $7.41 on Friday. The company’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $8.72. KAO has a 1 year low of $7.13 and a 1 year high of $10.16.

About KAO

Kao Corporation develops and sells hygiene and living care, health and beauty care, life care business, cosmetics, and chemical products. The Hygiene and Living Care Business segment offers fabric, kitchen, home, sanitary, and pet care products. The Health and Beauty Care Business segment provides facial, body, hair, and oral care, hair styling and color, Salon, In-bathroom health care, and warming products.