Short Interest in Husqvarna AB (publ) (OTCMKTS:HSQVY) Declines By 81.4%

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 20,299 shares, a drop of 81.4% from the July 30th total of 108,890 shares. Based on an average trading volume of 39,470 shares, the short-interest ratio is presently 0.5 days.

Husqvarna AB (publ) Price Performance

Shares of OTCMKTS HSQVY remained flat at $7.93 during midday trading on Wednesday. The stock had a trading volume of 7,811 shares, compared to its average volume of 103,187. Husqvarna AB has a 52-week low of $7.28 and a 52-week high of $11.60. The company’s 50 day moving average is $7.91 and its 200 day moving average is $8.64.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its quarterly earnings results on Friday, July 17th. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $1.54 billion during 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.