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

Kardex Holding AG (OTCMKTS:KRDXF) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 514 shares, a drop of 14.3% from the December 31st total of 600 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Kardex Stock Performance

Shares of KRDXF stock opened at $330.34 on Thursday. Kardex has a twelve month low of $236.90 and a twelve month high of $426.09. The stock has a fifty day simple moving average of $330.88 and a two-hundred day simple moving average of $368.09.

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.