Arjo AB (publ) (OTCMKTS:ARRJF) Sees Large Decline in Short Interest

Arjo AB (publ) (OTCMKTS:ARRJF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,300 shares, a drop of 89.3% from the September 30th total of 12,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13.0 days.

Arjo AB (publ) Stock Performance

Shares of Arjo AB (publ) stock opened at $3.27 on Tuesday. The company’s fifty day simple moving average is $3.18 and its 200-day simple moving average is $3.11. Arjo AB has a 1-year low of $3.27 and a 1-year high of $3.51.

Arjo AB (publ) Company Profile

Arjo AB (publ) develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia and Pacific, South America, Africa, and internationally. It offers products and solutions for patient handling, hygiene, disinfection, medical beds, pressure injury prevention, diagnostics, prevention of deep vein thrombosis and treatment of edema, leg ulcer treatment and prevention, and for obstetric and cardiac diagnostics.