Electrolux AB (OTCMKTS:ELUXY) Short Interest Up 129.6% in July

Electrolux AB (OTCMKTS:ELUXY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,443 shares, a growth of 129.6% from the June 30th total of 3,242 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,584 shares, the short-interest ratio is currently 1.6 days.

Electrolux Price Performance

Electrolux stock traded up $0.38 during mid-day trading on Tuesday, hitting $5.17. 303 shares of the company traded hands, compared to its average volume of 9,779. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. Electrolux has a one year low of $4.63 and a one year high of $19.83. The stock has a market cap of $731.76 million, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 0.71 and a beta of 1.15. The stock has a fifty day moving average price of $9.19 and a 200-day moving average price of $12.46.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. On average, equities analysts predict that Electrolux will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ELUXY has been the topic of several recent analyst reports. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About Electrolux

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.