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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,940,100 shares, an increase of 7.5% from the August 15th total of 1,804,500 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is currently 1,616.8 days.

ASSA ABLOY AB (publ) Stock Performance

ASAZF opened at $30.90 on Wednesday. ASSA ABLOY AB has a one year low of $20.16 and a one year high of $31.29. The business’s 50-day simple moving average is $29.89 and its 200-day simple moving average is $28.56.

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.