Alfa Laval Corporate AB (OTCMKTS:ALFVY) Sees Large Decline in Short Interest

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 99.0% from the November 30th total of 10,500 shares. Based on an average daily volume of 26,600 shares, the short-interest ratio is presently 0.0 days.

Alfa Laval Corporate Price Performance

Shares of Alfa Laval Corporate stock traded up $0.36 during trading on Friday, hitting $42.34. 18,621 shares of the stock traded hands, compared to its average volume of 12,671. Alfa Laval Corporate has a 52 week low of $34.87 and a 52 week high of $48.46. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.13 and a beta of 1.42. The firm’s fifty day moving average is $43.50 and its 200-day moving average is $44.15. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Alfa Laval Corporate (OTCMKTS:ALFVY) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Alfa Laval Corporate had a net margin of 10.39% and a return on equity of 17.71%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Research analysts expect that Alfa Laval Corporate will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 18th.

About Alfa Laval Corporate

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.