Husqvarna AB (publ) (OTCMKTS:HSQVY) Short Interest Update

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 143,790 shares, a decline of 66.0% from the June 30th total of 423,020 shares. Based on an average daily volume of 104,939 shares, the days-to-cover ratio is currently 1.4 days.

Husqvarna AB (publ) Price Performance

Shares of OTCMKTS HSQVY opened at $7.74 on Monday. The company’s fifty day moving average price is $8.30 and its 200 day moving average price is $8.96. Husqvarna AB has a 1 year low of $7.28 and a 1 year high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last released its quarterly earnings results on Friday, July 17th. The company reported $0.48 EPS for the quarter. The firm had revenue of $1.54 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.