Electrolux AB (OTCMKTS:ELUXY) Sees Large Increase in Short Interest

Electrolux AB (OTCMKTS:ELUXY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 8,210 shares, a growth of 67.5% from the August 15th total of 4,901 shares. Based on an average daily volume of 6,104 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Electrolux Price Performance

OTCMKTS:ELUXY opened at $5.21 on Friday. The stock has a market cap of $737.42 million, a P/E ratio of -9.65, a PEG ratio of 0.42 and a beta of 1.16. Electrolux has a one year low of $4.63 and a one year high of $19.83. The company has a fifty day moving average price of $5.72 and a 200 day moving average price of $9.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Analysts anticipate that Electrolux will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.