Husqvarna AB (publ) (OTCMKTS:HUSQF) Sees Large Decline in Short Interest

Husqvarna AB (publ) (OTCMKTS:HUSQF) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 3,139,863 shares, a drop of 34.8% from the January 29th total of 4,818,744 shares. Based on an average daily volume of 36,041 shares, the days-to-cover ratio is currently 87.1 days. Based on an average daily volume of 36,041 shares, the days-to-cover ratio is currently 87.1 days.

Husqvarna AB (publ) Price Performance

OTCMKTS HUSQF opened at $5.00 on Friday. The firm’s 50-day moving average is $5.06 and its two-hundred day moving average is $5.38. Husqvarna AB has a 12 month low of $4.88 and a 12 month high of $5.07.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Swedish-based global manufacturer of outdoor power products, serving both consumer and professional markets. The company’s portfolio includes chainsaws, trimmers, brushcutters, robotic mowers, ride-on lawn mowers, garden tractors, hedge trimmers and pressure washers. Husqvarna also offers a range of construction products such as light towers, handheld power cutters and demolition robots under its Construction division.

Husqvarna operates through several business segments, including the Forestry & Garden division for consumer and professional forestry and landscaping equipment, the Lawn & Garden division for residential lawn care products, and the Construction division for infrastructure and demolition solutions.