Kardex Holding AG (OTCMKTS:KRDXF) Sees Large Drop in Short Interest

Kardex Holding AG (OTCMKTS:KRDXF) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 495 shares, a decline of 34.3% from the February 12th total of 753 shares. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 123.8 days. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 123.8 days.

Kardex Stock Performance

KRDXF stock traded down $2.28 during mid-day trading on Friday, hitting $305.05. 2 shares of the company were exchanged, compared to its average volume of 80. Kardex has a 1-year low of $236.90 and a 1-year high of $426.09. The firm’s 50 day simple moving average is $326.35 and its 200 day simple moving average is $353.72.

Kardex Company Profile

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.