Short Interest in Kardex Holding AG (OTCMKTS:KRDXF) Rises By 19.9%

Kardex Holding AG (OTCMKTS:KRDXFGet Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 753 shares, a growth of 19.9% from the January 29th total of 628 shares. Based on an average daily volume of 2 shares, the short-interest ratio is presently 376.5 days. Based on an average daily volume of 2 shares, the short-interest ratio is presently 376.5 days.

Kardex Stock Performance

Shares of Kardex stock opened at $323.41 on Wednesday. The business has a fifty day simple moving average of $329.75 and a 200-day simple moving average of $359.08. Kardex has a fifty-two week low of $236.90 and a fifty-two week 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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