The most recent short interest data has been released by the NASDAQ for the 01/15/2014 settlement date, which shows a 391,383 share decrease in total short interest for Kronos Worldwide Inc (KRO), to 2,748,193, a decrease of 12.47% since 12/31/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for KRO at the 01/15/2014 settlement increased to 662,686, as compared to 401,815 at the 12/31/2013 report. That brought "days to cover" down to 4.15, a 46.92% decrease from the 7.81 days to cover calculated at the previous short interest data release.
Short Interest In Kronos Worldwide Moves 12.5% Lower
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