Kao Co. (OTCMKTS:KAOOY) Short Interest Down 89.3% in July

Kao Co. (OTCMKTS:KAOOYGet Rating) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 4,800 shares, a drop of 89.3% from the June 30th total of 44,800 shares. Based on an average trading volume of 174,900 shares, the days-to-cover ratio is currently 0.0 days.

KAO Stock Performance

KAO stock traded up $0.07 during midday trading on Thursday, reaching $8.59. 228,816 shares of the stock traded hands, compared to its average volume of 312,593. The company has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $8.47. KAO has a 12-month low of $7.38 and a 12-month high of $12.90.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded KAO from a “neutral” rating to a “sell” rating in a research report on Thursday, March 31st.

About KAO

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Kao Corporation develops and sells cosmetic, skin/hair care, human health care, fabric and home care, and chemical products. It operates through five segments: Hygiene and Living Care Business, Health and Beauty Care Business, Life Care Business, Cosmetics Business, and Chemical Business. The Hygiene and Living Care Business segment offers laundry detergents; fabric treatments; kitchen, paper, and house cleaning products; sanitary napkins; and baby diapers.

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