Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Large Increase in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 121,896 shares, a growth of 314.5% from the April 30th total of 29,405 shares. Based on an average daily volume of 55,124 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Husqvarna AB (publ) presently has an average rating of “Hold”.

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Husqvarna AB (publ) Stock Down 1.1%

Shares of HSQVY stock opened at $9.18 on Friday. Husqvarna AB has a 52-week low of $7.44 and a 52-week high of $12.20. The firm’s 50 day moving average price is $8.87 and its two-hundred day moving average price is $9.42.

Husqvarna AB (publ) (OTCMKTS:HSQVY – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $1.53 billion during the quarter.

Husqvarna AB (publ) Company Profile

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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.

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