Kinaxis Inc. (OTCMKTS:KXSCF) Short Interest Update

Kinaxis Inc. (OTCMKTS:KXSCFGet Rating) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 51,000 shares, a decline of 15.6% from the June 30th total of 60,400 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 170.0 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on KXSCF shares. TD Securities dropped their price target on Kinaxis from C$230.00 to C$210.00 in a research report on Monday, May 9th. BMO Capital Markets lowered their price objective on Kinaxis from C$200.00 to C$185.00 in a report on Monday, May 9th. Royal Bank of Canada lowered their target price on Kinaxis from C$200.00 to C$175.00 in a report on Monday, May 9th. Finally, National Bank Financial upped their target price on Kinaxis from C$225.00 to C$250.00 in a research report on Tuesday, April 26th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $209.22.

Kinaxis Stock Performance

Kinaxis stock opened at $122.86 on Thursday. Kinaxis has a fifty-two week low of $93.11 and a fifty-two week high of $180.40. The company’s 50-day moving average is $109.13 and its 200-day moving average is $115.92.

Kinaxis Company Profile

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Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.

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