Kardex Holding AG (OTCMKTS:KRDXF – Get Free Report) 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 trading volume of 42 shares, the days-to-cover ratio is currently 8.2 days. Based on an average trading volume of 42 shares, the days-to-cover ratio is currently 8.2 days.
Kardex Stock Performance
Shares of OTCMKTS:KRDXF remained flat at $330.34 during mid-day trading on Friday. Kardex has a fifty-two week low of $236.90 and a fifty-two week high of $426.09. The firm’s 50-day simple moving average is $349.70 and its two-hundred day simple moving average is $364.71.
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.
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