Electrolux AB (OTCMKTS:ELUXY) Sees Significant Decline in Short Interest

Electrolux AB (OTCMKTS:ELUXY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 2,421 shares, a drop of 77.0% from the September 30th total of 10,546 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,693 shares, the days-to-cover ratio is presently 0.2 days.

Electrolux Trading Up 6.9%

ELUXY traded up $0.37 on Thursday, hitting $5.75. The company had a trading volume of 340 shares, compared to its average volume of 7,933. The business’s fifty day simple moving average is $5.48 and its 200 day simple moving average is $10.20. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 1.62. Electrolux has a 12-month low of $4.63 and a 12-month high of $19.83. The company has a market cap of $813.85 million, a PE ratio of -7.37, a PEG ratio of 0.65 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.12). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.35 billion. Electrolux had a negative net margin of 1.53% and a positive return on equity of 4.38%. Equities research analysts expect that Electrolux will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

ELUXY has been the topic of several recent research reports. Dnb Carnegie raised Electrolux from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Electrolux presently has an average rating of “Hold”.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.