K-Bro Linen Inc. (OTCMKTS:KBRLF) Short Interest Up 52.6% in August

K-Bro Linen Inc. (OTCMKTS:KBRLF) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,900 shares, an increase of 52.6% from the July 31st total of 1,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 29.0 days.

K-Bro Linen Price Performance

Shares of K-Bro Linen stock remained flat at $26.67 during trading on Friday. K-Bro Linen has a 1 year low of $25.75 and a 1 year high of $26.67. The company’s 50-day simple moving average is $26.44 and its 200 day simple moving average is $25.72.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.