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

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 121,896 shares, an increase of 314.5% from the April 30th total of 29,405 shares. Based on an average daily volume of 55,124 shares, the short-interest ratio is presently 2.2 days.

Husqvarna AB (publ) Stock Up 2.5%

Shares of Husqvarna AB (publ) stock traded up $0.23 during trading on Friday, reaching $9.41. 11,822 shares of the company were exchanged, compared to its average volume of 90,951. Husqvarna AB has a twelve month low of $7.44 and a twelve month high of $12.20. The business has a 50-day moving average price of $8.90 and a 200-day moving average price of $9.42.

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed 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 data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Husqvarna AB (publ)

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.