Arjo AB (publ) (OTCMKTS:ARRJF) Short Interest Update

Arjo AB (publ) (OTCMKTS:ARRJF – Get Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 218,100 shares, an increase of 61.8% from the April 30th total of 134,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, Pareto Securities raised Arjo AB (publ) from a “sell” rating to a “hold” rating in a report on Friday, April 21st.

Arjo AB (publ) Stock Performance

OTCMKTS ARRJF remained flat at $4.00 during trading on Friday. The stock has a fifty day simple moving average of $3.93 and a two-hundred day simple moving average of $3.92. Arjo AB has a 12-month low of $3.78 and a 12-month high of $4.00.

About Arjo AB (publ)

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Arjo AB (publ) develops and sells medical devices and solutions for patients with reduced mobility and age-related health challenges in North America, Western Europe, and internationally. It offers products and solutions for patient handling, hygiene, disinfection, medical beds, treatment and prevention of pressure injuries and leg ulcers, prevention of deep vein thrombosis, treatment of edema, and for obstetric and cardiac diagnostics.