Short Interest in Electrolux AB (OTCMKTS:ELUXY) Drops By 99.6%

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 353 shares, a decrease of 99.6% from the April 15th total of 87,499 shares. Based on an average trading volume of 21,155 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELUXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Citigroup reissued a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Trading Down 0.4%

Electrolux stock opened at $11.06 on Wednesday. Electrolux has a 1 year low of $9.84 and a 1 year high of $19.83. The firm’s 50-day moving average is $12.98 and its 200-day moving average is $13.79. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96. The company has a market cap of $1.57 billion, a P/E ratio of 42.54 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.20%. On average, equities analysts expect that Electrolux will post -0.07 earnings per share for the current year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.