Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Large Increase in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 121,896 shares, an increase of 314.5% from the April 30th total of 29,405 shares. Based on an average daily volume of 55,124 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Husqvarna AB (publ) in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Husqvarna AB (publ) has a consensus rating of “Hold”.

Husqvarna AB (publ) Price Performance

Shares of OTCMKTS HSQVY opened at $9.18 on Friday. The company’s fifty day moving average is $8.87 and its 200-day moving average is $9.42. Husqvarna AB has a twelve month low of $7.44 and a twelve month high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $1.53 billion for the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.