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

Kardex Holding AG (OTCMKTS:KRDXF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,300 shares, a decrease of 18.8% from the March 15th total of 1,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13.0 days.

Kardex Stock Performance

Shares of OTCMKTS KRDXF remained flat at $236.90 during midday trading on Friday. The firm has a fifty day moving average of $296.15 and a 200 day moving average of $310.99. Kardex has a 1-year low of $236.90 and a 1-year high of $339.60.

About Kardex

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.