ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) Sees Significant Increase in Short Interest

ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,337,200 shares, an increase of 35.4% from the March 31st total of 2,464,700 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 3,337.2 days.

ASSA ABLOY AB (publ) Price Performance

Shares of OTCMKTS:ASAZF traded down $0.95 during midday trading on Friday, reaching $26.25. The company had a trading volume of 900 shares, compared to its average volume of 22,411. ASSA ABLOY AB has a 52-week low of $20.16 and a 52-week high of $29.85. The company’s 50 day moving average price is $28.39 and its 200 day moving average price is $26.58.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.