Husqvarna AB (publ) (OTCMKTS:HSQVY) Shares Shorted: Short Interest Down 85.4% in October

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 12,145 shares, a decline of 85.4% from the October 15th total of 83,182 shares. Based on an average daily volume of 82,813 shares, the short-interest ratio is currently 0.1 days.

Husqvarna AB (publ) Trading Up 0.9%

OTCMKTS:HSQVY traded up $0.06 during midday trading on Friday, reaching $6.63. 50,683 shares of the stock traded hands, compared to its average volume of 87,584. The company has a fifty day moving average of $7.06 and a 200 day moving average of $8.28. Husqvarna AB has a 12 month low of $6.33 and a 12 month high of $10.54.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last released its quarterly earnings data on Wednesday, October 21st. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $934.26 million for the quarter.

Analysts Set New Price Targets

Separately, Danske downgraded Husqvarna AB (publ) to a “hold” rating in a report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based company that develops, manufactures and sells outdoor power products, watering equipment and solutions for professional and consumer users. Its product portfolio includes chainsaws, trimmers, brushcutters, lawn mowers, robotic lawn mowers, ride-on mowers and other equipment used in forestry, landscaping and garden maintenance. The company also offers irrigation and gardening products through its Gardena business, including watering systems, pumps, hoses and garden tools.