Short Interest in ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) Declines By 34.2%

ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,212,607 shares, a decrease of 34.2% from the May 31st total of 3,362,026 shares. Based on an average daily trading volume, of 2,637 shares, the short-interest ratio is presently 839.1 days.

ASSA ABLOY AB (publ) Stock Performance

Shares of OTCMKTS ASAZF opened at $34.43 on Thursday. ASSA ABLOY AB has a 1 year low of $29.48 and a 1 year high of $43.77. The firm’s 50 day moving average price is $35.99 and its 200 day moving average price is $38.30.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) is a Swedish manufacturer and global provider of door opening solutions, operating across a comprehensive range of mechanical and electromechanical hardware, access control systems, identification technologies and services. The company’s product portfolio includes locks, door closers, hinges, security doors and frames, intelligent entrance systems, biometrics, electronic access control, safe locks and digital door locks. These offerings are designed to enhance safety, convenience and efficiency for residential, commercial, institutional and industrial customers.

Founded in 1994 through the merger of ASSA in Sweden and Abloy in Finland, ASSA ABLOY has grown through organic development and acquisitions, establishing a broad footprint of production sites, research centers and sales offices.