Axfood AB (publ) (OTCMKTS:AXFOF) Sees Large Increase in Short Interest

Axfood AB (publ) (OTCMKTS:AXFOF) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 604,600 shares, an increase of 23.4% from the August 31st total of 490,100 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Axfood AB (publ) Stock Performance

OTCMKTS:AXFOF remained flat at $24.27 on Friday. Axfood AB has a 12-month low of $24.27 and a 12-month high of $26.83. The business’s fifty day moving average price is $24.27 and its 200-day moving average price is $24.82.

About Axfood AB (publ)

Axfood AB (publ) engages in the food retail and wholesale businesses primarily in Sweden. It operates through four segments: Willys, Hemköp, Dagab, and Snabbgross. The company sells groceries through Willys, HANDLAR'N, Hemköp, and Eurocash store chains. It is also involved in the e-commerce business; and provision of private label products.