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 in the month of October. As of October 15th, there was short interest totaling 83,182 shares, a growth of 132.2% from the September 30th total of 35,822 shares. Based on an average trading volume of 196,252 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Danske lowered Husqvarna AB (publ) to a “hold” rating in a research report on Thursday, October 22nd. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Check Out Our Latest Research Report on Husqvarna AB (publ)

Husqvarna AB (publ) Price Performance

Husqvarna AB (publ) stock traded down $0.06 during midday trading on Friday, hitting $6.50. 29,590 shares of the company’s stock were exchanged, compared to its average volume of 89,962. Husqvarna AB has a 52-week low of $6.33 and a 52-week high of $10.54. The stock has a 50-day moving average price of $7.26 and a two-hundred day moving average price of $8.43.

Husqvarna AB (publ) (OTCMKTS:HSQVY – Get Free Report) last issued 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.

Husqvarna AB (publ) Company Profile

(Get Free Report)

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.

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