Kardex Holding AG (OTCMKTS:KRDXF) Short Interest Down 45.5% in May

Kardex Holding AG (OTCMKTS:KRDXF) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,200 shares, a decline of 45.5% from the April 30th total of 2,200 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 12.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group raised Kardex to a “buy” rating in a report on Wednesday, May 7th.

Kardex Price Performance

Shares of OTCMKTS:KRDXF opened at $287.49 on Friday. Kardex has a 12-month low of $236.90 and a 12-month high of $339.60. The business has a 50 day moving average of $264.28 and a two-hundred day moving average of $298.67.

Kardex Company Profile

Kardex Holding AG provides intralogistics solutions; and supplies automated storage solutions and materials handling systems worldwide. It operates in two segments, Kardex Remstar and Kardex Mlog. The Kardex Remstar segment develops, produces, and maintains dynamic storage and retrieval systems. The Kardex Mlog segment offers integrated material handling systems and automated high bay warehouses.