Kardex Holding AG (OTCMKTS:KRDXF) Short Interest Up 120.4% in May

Kardex Holding AG (OTCMKTS:KRDXF – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,926 shares, an increase of 120.4% from the May 14th total of 874 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Kardex Stock Performance

Shares of Kardex stock remained flat at $268.30 during trading on Friday. The company’s 50-day moving average price is $324.86 and its 200-day moving average price is $326.20. Kardex has a 12-month low of $236.90 and a 12-month high of $426.09.

About Kardex

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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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