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 June. As of June 30th, there was short interest totaling 3,242 shares, an increase of ∞ from the June 15th total of 0 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 22,847 shares, the days-to-cover ratio is currently 0.1 days.

Electrolux Price Performance

Shares of OTCMKTS:ELUXY opened at $5.28 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $747.82 million, a PE ratio of 20.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.15. The firm’s 50 day moving average price is $10.18 and its 200-day moving average price is $12.96. Electrolux has a twelve month low of $5.02 and a twelve month high of $19.83.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Equities research analysts expect that Electrolux will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ELUXY. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Electrolux presently has an average rating of “Hold”.

About Electrolux

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.