Short Interest in Electrolux AB (OTCMKTS:ELUXY) Rises By 129.6%

Electrolux AB (OTCMKTS:ELUXY – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 7,443 shares, a growth of 129.6% from the June 30th total of 3,242 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,584 shares, the short-interest ratio is presently 1.6 days.

Electrolux Stock Up 21.0%

Shares of Electrolux stock traded up $1.08 during trading on Wednesday, reaching $6.26. The company’s stock had a trading volume of 7,506 shares, compared to its average volume of 9,663. Electrolux has a 1-year low of $4.63 and a 1-year high of $19.83. The company has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $12.40. 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 company has a market cap of $886.04 million, a price-to-earnings ratio of 24.08, a P/E/G ratio of 0.75 and a beta of 1.15.

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Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.20. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. As a group, equities analysts forecast that Electrolux will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ELUXY shares. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Report on ELUXY

Electrolux Company Profile

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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.

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