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

Axfood AB (publ) (OTCMKTS:AXFOF) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 244,700 shares, a decline of 5.5% from the May 31st total of 258,900 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Axfood AB (publ) Stock Performance

Axfood AB (publ) stock opened at $24.27 on Tuesday. The company’s 50-day moving average price is $24.32 and its 200-day moving average price is $25.82. Axfood AB has a twelve month low of $24.27 and a twelve month high of $26.83.

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.