Husqvarna AB (publ) (OTCMKTS:HSQVY) Short Interest Down 72.4% in April

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a large drop in short interest during 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 trading volume of 49,347 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Husqvarna AB (publ) in a research report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Husqvarna AB (publ) has a consensus rating of “Hold”.

Husqvarna AB (publ) Stock Performance

OTCMKTS:HSQVY traded up $0.01 during mid-day trading on Thursday, reaching $9.63. The stock had a trading volume of 74,391 shares, compared to its average volume of 99,543. The firm has a 50 day moving average price of $8.74 and a two-hundred day moving average price of $9.45. Husqvarna AB has a one year low of $7.44 and a one year high of $12.20.

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