Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Short Interest Rises 61.3%

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 35,822 shares, a growth of 61.3% from the September 15th total of 22,203 shares. Based on an average daily volume of 52,974 shares, the days-to-cover ratio is currently 0.7 days.

Husqvarna AB (publ) Stock Performance

OTCMKTS HSQVY traded up $0.07 on Friday, reaching $7.22. The stock had a trading volume of 169 shares, compared to its average volume of 92,614. The firm has a fifty day moving average of $7.57 and a two-hundred day moving average of $8.21. Husqvarna AB has a 1-year low of $6.72 and a 1-year high of $10.95.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.48 earnings per share for the quarter. The firm had revenue of $1.54 billion for the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based manufacturer of outdoor power products and related equipment. The company serves professional users, consumers and landowners through products such as chainsaws, trimmers, brushcutters, lawn mowers, ride-on mowers and robotic lawn mowers. It also offers digital solutions, accessories, replacement parts and service support.

Husqvarna Group operates through several established brands, including Husqvarna, Gardena and McCulloch. Gardena focuses primarily on consumer gardening products, including watering systems, garden tools and irrigation equipment.