Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Short Interest Rises 132.2%

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 83,182 shares, a growth of 132.2% from the September 30th total of 35,822 shares. Based on an average daily trading volume, of 196,252 shares, the days-to-cover ratio is currently 0.4 days.

Husqvarna AB (publ) Trading Down 0.9%

HSQVY stock opened at $6.50 on Friday. The company’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $8.43. Husqvarna AB has a 12 month low of $6.33 and a 12 month high of $10.54.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last issued its quarterly earnings data on Wednesday, October 21st. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $934.26 million for the quarter.

Wall Street Analyst Weigh In

Separately, Danske lowered shares of Husqvarna AB (publ) to a “hold” rating in a research report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based company that develops, manufactures and sells outdoor power products, watering equipment and solutions for professional and consumer users. Its product portfolio includes chainsaws, trimmers, brushcutters, lawn mowers, robotic lawn mowers, ride-on mowers and other equipment used in forestry, landscaping and garden maintenance.

The company also offers irrigation and gardening products through its Gardena business, including watering systems, pumps, hoses and garden tools.