AAK clears short seller overhang, shares trade steadily in Stockholm

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-25, 15:05.

AAK (SE0011337708) has seen Marble Bar Asset Management drop off the list of public short sellers in its stock. According to a disclosure-based update noted by MarketScreener, the UK manager is no longer flagged with a reportable short position in the Stockholm-listed specialty fats producer, which last traded around 234 SEK per share. MarketScreener note on Marble Bar and AAK

Short interest signal around AAK

The short-interest change centers on Marble Bar Asset Management, which had previously appeared as a public short seller in AAK under EU disclosure rules before its position moved below the reporting threshold. MarketScreener note on Marble Bar and AAK The AAK shares trade on Nasdaq Stockholm, where the company forms part of the OMX Stockholm Large Cap universe and competes globally with ingredient suppliers such as Nestlé and Unilever in plant-based fats and oils solutions. Reuters overview of European food and ingredients stocks

MarketScreener data show AAK changing hands at roughly 234.00 SEK on the latest print, corresponding to a modest 0.17 percent daily gain and a roughly 4.3 percent performance over one month, while the stock remains around 11.3 percent below its 52-week high. AAK share snapshot with price and performance

Analyst consensus and valuation picture

Analyst compilations on MarketScreener indicate that a majority of covering houses currently rate AAK at Buy or Outperform, with the average 12-month target price implying upside from the present 230 to 240 SEK range, while a smaller group stays at Hold. MarketScreener analyst consensus for AAK Broker coverage includes Nordic banks such as SEB and Danske Bank alongside international houses like HSBC, reflecting the company’s position in the global specialty ingredients chain.

Based on the latest compiled estimates, AAK trades on a forward price-earnings multiple in the high teens, a level broadly in line with large European food ingredient and flavors peers that combine stable cash flows with moderate growth expectations. Financial Times comparison of European food ingredient valuations

How AAK earns its money

AAK generates most of its revenue by refining and blending vegetable oils into specialty fats for food manufacturers, with key product platforms in chocolate and confectionery fats, bakery fats and plant-based dairy and meat alternatives. AAK annual report describing business segments The company also supplies technical fats for personal care and cosmetics and operates a co-development model with customers to tailor functionality, taste and sustainability attributes across its portfolio.

Where the AAK shares trade today

The AAK shares (SE0011337708) trade on Nasdaq Stockholm at 234.00 SEK as of 2026-06-25, 13:00, based on the latest MarketScreener consolidated quote.

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. All data are based on publicly available sources believed to be reliable but cannot be guaranteed for completeness or accuracy.