Kardex Holding AG (OTCMKTS:KRDXF) Sees Significant Increase in Short Interest

Kardex Holding AG (OTCMKTS:KRDXF) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,300 shares, a growth of 116.7% from the September 15th total of 600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13.0 days.

Kardex Stock Performance

KRDXF remained flat at $300.19 during trading on Friday. Kardex has a 12-month low of $182.02 and a 12-month high of $328.05. The firm has a 50 day moving average price of $297.53 and a 200 day moving average price of $274.76.

Kardex Company Profile

Kardex Holding AG provides intralogistics solutions; and supplies automated storage solutions and materials handling systems worldwide. It operates in two segments, Kardex Remstar and Kardex Mlog. The Kardex Remstar segment develops, produces, and maintains dynamic storage and retrieval systems. The Kardex Mlog segment offers integrated material handling systems and automated high bay warehouses.