Electrolux AB (OTCMKTS:ELUXY) Shares Shorted: Short Interest Down 77.0% in October

Electrolux AB (OTCMKTS:ELUXY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,421 shares, a decrease of 77.0% from the September 30th total of 10,546 shares. Based on an average trading volume of 9,693 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ELUXY shares. Dnb Carnegie raised shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Electrolux has an average rating of “Hold”.

Electrolux Stock Up 7.2%

OTCMKTS ELUXY opened at $5.77 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04. The firm has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $10.16. Electrolux has a twelve month low of $4.63 and a twelve month high of $19.83. The stock has a market cap of $816.69 million, a PE ratio of 26.90, a PEG ratio of 0.92 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.12). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.35 billion. Electrolux had a negative net margin of 1.53% and a positive return on equity of 4.38%. On average, research analysts forecast that Electrolux will post 0.19 EPS for the current year.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.