Husqvarna AB (publ) (OTCMKTS:HSQVY) Short Interest Update

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 25,074 shares, a decline of 79.4% from the May 14th total of 121,896 shares. Based on an average daily volume of 21,793 shares, the short-interest ratio is currently 1.2 days.

Husqvarna AB (publ) Price Performance

Husqvarna AB (publ) stock opened at $8.81 on Wednesday. The firm has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $9.40. Husqvarna AB has a twelve month low of $7.44 and a twelve month high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.45 earnings per share for the quarter. The business had revenue of $1.53 billion during the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.