Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Significant Growth in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 423,020 shares, a growth of 1,149.9% from the June 15th total of 33,843 shares. Based on an average daily trading volume, of 1,168,515 shares, the days-to-cover ratio is presently 0.4 days.

Husqvarna AB (publ) Trading Up 1.1%

Shares of Husqvarna AB (publ) stock traded up $0.08 during trading hours on Friday, hitting $7.46. The company had a trading volume of 23,157 shares, compared to its average volume of 122,397. The company’s 50-day moving average is $8.69 and its two-hundred day moving average is $9.13. Husqvarna AB has a twelve month low of $7.28 and a twelve month high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.45 EPS for the quarter. The company had revenue of $1.53 billion for the quarter.

About Husqvarna AB (publ)

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.