Short Interest in Axfood AB (publ) (OTCMKTS:AXFOF) Declines By 19.7%

Axfood AB (publ) (OTCMKTS:AXFOF – Get Rating) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 332,600 shares, a decrease of 19.7% from the April 15th total of 414,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Axfood AB (publ) Stock Performance

AXFOF stock opened at $27.61 on Friday. The business’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $26.23. Axfood AB has a fifty-two week low of $22.00 and a fifty-two week high of $30.00.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AXFOF shares. DNB Markets upgraded shares of Axfood AB (publ) from a “hold” rating to a “buy” rating in a report on Wednesday, March 22nd. Nordea Equity Research downgraded shares of Axfood AB (publ) from a “buy” rating to a “sell” rating in a research report on Thursday, February 2nd.

Axfood AB (publ) Company Profile

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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.