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

Arjo AB (publ) (OTCMKTS:ARRJF) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 3 shares, a drop of 100.0% from the October 15th total of 162,028 shares. Based on an average daily volume of 145 shares, the days-to-cover ratio is presently 0.0 days.

Arjo AB (publ) Price Performance

Shares of Arjo AB (publ) stock remained flat at $3.37 on Tuesday. The business’s 50-day simple moving average is $3.01 and its 200-day simple moving average is $2.96. Arjo AB has a 1-year low of $2.50 and a 1-year high of $3.37.

Arjo AB (publ) Company Profile

Arjo AB (publ) is a Sweden-based medical technology company that develops products and solutions designed to improve mobility, safety, and dignity for people with reduced mobility. Its customers include hospitals, long-term care facilities, and other healthcare providers. The company’s portfolio includes patient-handling equipment such as mobile and ceiling lifts, transfer aids, and slings; medical beds and therapeutic surfaces; hygiene and bathing systems; and solutions for preventing pressure injuries and venous thromboembolism.