Kardex Holding AG (OTCMKTS:KRDXF – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 495 shares, a drop 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 Down 0.7%
Shares of KRDXF opened at $305.05 on Friday. Kardex has a fifty-two week low of $236.90 and a fifty-two week high of $426.09. The firm’s 50 day moving average price is $326.35 and its 200 day moving average price is $353.24.
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.
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