Axfood AB (publ) (OTCMKTS:AXFOF) Sees Significant Decline in Short Interest

Axfood AB (publ) (OTCMKTS:AXFOF) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 516,300 shares, a decline of 16.9% from the October 31st total of 621,300 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Axfood AB (publ) Price Performance

Shares of OTCMKTS:AXFOF remained flat at $24.27 during midday trading on Friday. Axfood AB has a 1-year low of $24.27 and a 1-year high of $26.83. The business’s 50-day moving average is $24.25 and its 200 day moving average is $24.26.

About Axfood AB (publ)

Axfood AB (publ) engages in the food retail and wholesale businesses primarily in Sweden. It operates through four segments: Willys, Hemköp, Dagab, and Snabbgross. The company sells groceries through Willys, HANDLAR'N, Hemköp, and Eurocash store chains. It is also involved in the e-commerce business; and provision of private label products.