Kontrol Technologies Corp. (OTCMKTS:KNRLF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,600 shares, an increase of 36.5% from the August 15th total of 6,300 shares. Based on an average daily volume of 107,500 shares, the days-to-cover ratio is presently 0.1 days.
Separately, Alliance Global Partners reaffirmed a “buy” rating and issued a C$2.45 price target (up previously from C$2.00) on shares of Kontrol Technologies in a research report on Monday, August 23rd.
OTCMKTS:KNRLF traded down $0.07 during mid-day trading on Tuesday, reaching $1.84. The company’s stock had a trading volume of 47,926 shares, compared to its average volume of 48,235. Kontrol Technologies has a 12-month low of $0.60 and a 12-month high of $4.75. The firm’s fifty day simple moving average is $1.24.
Kontrol Technologies Corp. provides energy efficiency solutions and technologies to commercial energy consumers in Canada and the United States. It offers SmartSite, a building energy software technology to assist in the operation and management of complex heating, ventilation, and cooling systems for factories, large multi-residential, commercial, and mission critical buildings; SmartSuite that connects into existing building automation systems and also communicate with utilities; and BioCloud, a real-time analyzer designed to detect airborne pathogens for various applications, such as classrooms, retirement homes, hospitals, mass transportation, offices, break rooms, and others defined spaces.
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