Electrolux AB (OTCMKTS:ELUXY) Sees Large Growth in Short Interest

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,443 shares, an increase of 129.6% from the June 30th total of 3,242 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,584 shares, the short-interest ratio is presently 1.6 days.

Electrolux Stock Up 21.0%

Electrolux stock opened at $6.26 on Thursday. The stock has a market capitalization of $886.61 million, a PE ratio of 24.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.15. Electrolux has a 12 month low of $4.63 and a 12 month high of $19.83. The business has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $12.35. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. On average, analysts anticipate that Electrolux will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.