Could ASSA ABLOY AB ORDINARY SHARES SWEDEN (OTCMKTS:ASAZF) Go Down After Its Newest Short Interest Report?

May 17, 2018 - By Alfred Lee


The stock of ASSA ABLOY AB ORDINARY SHARES SWEDEN (OTCMKTS:ASAZF) registered a decrease of 23.18% in short interest. ASAZF’s total short interest was 3.71M shares in May as published by FINRA. Its down 23.18% from 4.83M shares, reported previously. With 1,800 shares average volume, it will take short sellers 2060 days to cover their ASAZF’s short positions. The short interest to ASSA ABLOY AB ORDINARY SHARES SWEDEN’s float is 0.39%.

It closed at $21.93 lastly. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

ASSA ABLOY AB provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. The company has market cap of $23.44 billion. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings. It has a 23.68 P/E ratio. The firm also provides secure identity solutions primarily in identity and access management, and contactless identification technology solutions under the HID Global brand to healthcare, education, financial, government, and state institutions; and electronic lock systems, safes, energy management systems, and minibars for hotels and cruise ships under the VingCard and Elsafe product brands.

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