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

Axfood AB (publ) (OTCMKTS:AXFOFGet Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 290,500 shares, a growth of 61.3% from the March 15th total of 180,100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Separately, Nordea Equity Research raised shares of Axfood AB (publ) from a “hold” rating to a “buy” rating in a research note on Wednesday, March 23rd.

Shares of OTCMKTS:AXFOF opened at $27.42 on Friday. The company has a 50 day moving average of $26.57 and a 200-day moving average of $25.63. Axfood AB has a twelve month low of $25.00 and a twelve month high of $27.42.

About Axfood AB (publ) (Get Rating)

Axfood AB engages in retail and wholesale of food through store chains. It operates through the following operating segments: Willys, Hemköp, Snabbgross, and Dagab. The Willys segment is Sweden’s discount grocery chain with a wide and deep assortment in Group-owned stores and online. The Hemköp segment offers through its Group-owned stores, franchise stores and online business an attractively priced and wide assortment with a rich offering of fresh products.

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