Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Short Interest Rises 61.3%

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 35,822 shares, an increase of 61.3% from the September 15th total of 22,203 shares. Based on an average daily volume of 52,974 shares, the days-to-cover ratio is presently 0.7 days.

Husqvarna AB (publ) Price Performance

Shares of HSQVY traded up $0.07 during trading hours on Friday, hitting $7.22. The company had a trading volume of 169 shares, compared to its average volume of 92,614. The business has a fifty day moving average of $7.57 and a 200-day moving average of $8.21. Husqvarna AB has a 12 month low of $6.72 and a 12 month high of $10.95.

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

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based manufacturer of outdoor power products and related equipment. The company serves professional users, consumers and landowners through products such as chainsaws, trimmers, brushcutters, lawn mowers, ride-on mowers and robotic lawn mowers. It also offers digital solutions, accessories, replacement parts and service support.

Husqvarna Group operates through several established brands, including Husqvarna, Gardena and McCulloch. Gardena focuses primarily on consumer gardening products, including watering systems, garden tools and irrigation equipment.