Short Interest in Azelis Group NV (OTCMKTS:AZLGF) Declines By 44.4%

Azelis Group NV (OTCMKTS:AZLGF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 235,095 shares, a decline of 44.4% from the August 15th total of 422,948 shares. Based on an average trading volume of 73 shares, the days-to-cover ratio is presently 3,220.5 days.

Azelis Group Price Performance

Shares of AZLGF stock opened at C$13.78 on Wednesday. The company has a 50-day simple moving average of C$12.72 and a two-hundred day simple moving average of C$11.53. Azelis Group has a 52-week low of C$8.74 and a 52-week high of C$14.52.

About Azelis Group

Azelis Group is a global specialty chemicals distributor offering a broad portfolio of formulation ingredients and services to the Life Sciences and Industrial Chemicals sectors. The company sources, markets and distributes a wide range of raw materials, additives and functional ingredients that are used in personal care, home care, agrochemicals, food and nutrition, coatings, adhesives and sealants, polymers and other industrial applications. Azelis provides technical expertise and formulation support to help customers develop and optimize new products, drawing on its network of application laboratories and industry specialists.

Founded in Belgium in 2001 and headquartered in Antwerp, Azelis has grown through organic expansion and strategic acquisitions to establish a presence in more than 50 countries across EMEA, North America, Latin America and Asia Pacific.