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

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 29,405 shares, a drop of 72.4% from the April 15th total of 106,544 shares. Based on an average daily trading volume, of 49,347 shares, the short-interest ratio is currently 0.6 days.

Husqvarna AB (publ) Trading Down 4.4%

HSQVY stock traded down $0.43 during mid-day trading on Friday, hitting $9.17. 16,417 shares of the stock were exchanged, compared to its average volume of 98,645. The business has a fifty day moving average price of $8.75 and a 200 day moving average price of $9.44. Husqvarna AB has a 12 month low of $7.44 and a 12 month high of $12.20.

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

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Husqvarna AB (publ) currently has an average rating of “Hold”.

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.