Short Interest in Kardex Holding AG (OTCMKTS:KRDXF) Declines By 65.7%

Kardex Holding AG (OTCMKTS:KRDXF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 346 shares, a decrease of 65.7% from the November 30th total of 1,008 shares. Based on an average daily volume of 42 shares, the days-to-cover ratio is presently 8.2 days. Based on an average daily volume of 42 shares, the days-to-cover ratio is presently 8.2 days.

Kardex Price Performance

Shares of OTCMKTS KRDXF opened at $330.34 on Friday. Kardex has a 12 month low of $236.90 and a 12 month high of $426.09. The business’s 50 day moving average is $348.48 and its two-hundred day moving average is $365.63.

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.