Short Interest in Koç Holding A.S. (OTCMKTS:KHOLY) Declines By 88.9%

Koç Holding A.S. (OTCMKTS:KHOLY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 1,100 shares, a decline of 88.9% from the May 31st total of 9,900 shares. Based on an average daily trading volume, of 15,900 shares, the days-to-cover ratio is currently 0.1 days.

Koç Holding A.S. Stock Performance

Shares of Koç Holding A.S. stock traded up $1.11 on Thursday, reaching $33.60. 10,848 shares of the company were exchanged, compared to its average volume of 3,866. Koç Holding A.S. has a 1-year low of $18.50 and a 1-year high of $41.78. The stock’s 50 day moving average price is $35.65 and its 200-day moving average price is $30.23.

Koç Holding A.S. Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 13th. Stockholders of record on Thursday, April 25th were given a dividend of $1.0658 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This is an increase from Koç Holding A.S.’s previous dividend of $0.36. Koç Holding A.S.’s payout ratio is currently 20.86%.

Koç Holding A.S. Company Profile

Koç Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. The company's energy business operates petroleum refineries; distributes petroleum products and liquefied petroleum gases; and generates electricity through hydroelectric, natural gas, coal, wind, thermal, and solar power and other renewable plants.