Short Interest in Husqvarna AB (publ) (OTCMKTS:HSQVY) Decreases By 72.4%

Husqvarna AB (publ) (OTCMKTS:HSQVYGet Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 29,405 shares, a decrease of 72.4% from the April 15th total of 106,544 shares. Based on an average daily trading volume, of 49,347 shares, the days-to-cover ratio is presently 0.6 days.

Husqvarna AB (publ) Stock Up 0.4%

Shares of Husqvarna AB (publ) stock traded up $0.04 during trading on Wednesday, reaching $9.59. 38,490 shares of the company were exchanged, compared to its average volume of 99,467. The business has a 50-day moving average price of $8.73 and a 200-day moving average price of $9.45. Husqvarna AB has a twelve month low of $7.44 and a twelve month high of $12.20.

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Husqvarna AB (publ) in a research note on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Husqvarna AB (publ) currently has a consensus rating of “Hold”.

View Our Latest Stock Report on HSQVY

About Husqvarna AB (publ)

(Get Free Report)

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.

Further Reading

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