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

Axfood AB (publ) (OTCMKTS:AXFOF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 490,100 shares, an increase of 78.3% from the August 15th total of 274,900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Axfood AB (publ) Stock Performance

Shares of Axfood AB (publ) stock opened at $24.27 on Friday. Axfood AB has a 52 week low of $24.27 and a 52 week high of $26.83. The company’s 50-day moving average price is $24.27 and its two-hundred day moving average price is $25.02.

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.