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

Kardex Holding AG (OTCMKTS:KRDXFGet Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 600 shares, an increase of 73.4% from the December 15th total of 346 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Kardex Price Performance

Shares of OTCMKTS KRDXF remained flat at $330.34 during trading on Friday. Kardex has a 52-week low of $236.90 and a 52-week high of $426.09. The business has a fifty day moving average of $335.10 and a 200 day moving average of $369.41.

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.

Further Reading

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