Thu Sep 19 06:13:34 UTC 2024: ## Short Interest in ASSA ABLOY AB (publ) Rises Significantly in August

**Stockholm, Sweden** – ASSA ABLOY AB (publ) (OTCMKTS: ASAZF), a leading global provider of door opening solutions, saw a significant increase in short interest during August. Data released on September 19th revealed that short interest totalled 1,940,100 shares as of August 31st, a 7.5% rise from the August 15th figure of 1,804,500 shares.

This increase in short interest, which represents the number of shares borrowed by investors betting on a decline in the stock price, indicates a growing bearish sentiment towards the company. However, the short-interest ratio, currently at 1,616.8 days, remains high, suggesting that short sellers are holding on to their positions for a prolonged period.

ASSA ABLOY AB opened at $30.90 on Thursday, with a twelve-month low of $20.16 and a twelve-month high of $31.29. The company’s 50-day simple moving average stands at $29.96 and its 200-day simple moving average is $28.58.

Investors are closely monitoring the stock’s performance in light of this recent short interest increase.

**Note:** This article is based on the provided information and does not constitute investment advice.

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