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

Kardex Holding AG (OTCMKTS:KRDXF) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 3 shares, a drop of 99.3% from the March 15th total of 417 shares. Based on an average daily volume of 44 shares, the short-interest ratio is presently 0.1 days.

Kardex Price Performance

KRDXF remained flat at $328.47 during midday trading on Friday. Kardex has a 1-year low of $236.90 and a 1-year high of $426.09. The company has a fifty day moving average price of $323.44 and a 200 day moving average price of $342.69.

About Kardex

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.