Short Interest in Kardex Holding AG (OTCMKTS:KRDXF) Increases By 155.1%

Kardex Holding AG (OTCMKTS:KRDXFGet Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,914 shares, an increase of 155.1% from the May 31st total of 1,926 shares. Based on an average trading volume of 1 shares, the short-interest ratio is presently 4,914.0 days.

Kardex Price Performance

OTCMKTS KRDXF remained flat at $285.00 during trading hours on Tuesday. The firm has a fifty day moving average of $314.56 and a 200 day moving average of $322.25. Kardex has a one year low of $268.30 and a one year high of $426.09.

Kardex Company Profile

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Kardex is a Swiss-based company specializing in automated storage and retrieval systems designed to optimize material flow and warehouse management. The firm develops, manufactures and sells high-bay storage systems, vertical lift modules, vertical buffer modules and conveyor technologies under its Kardex Remstar and Kardex Mlog brands. These solutions integrate mechanical, electronic and software components to deliver scalable, space-saving automation for a variety of industries.

The company’s product portfolio includes goods-to-person and person-to-goods systems that enhance picking accuracy and throughput.

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