Husqvarna AB (publ) (OTCMKTS:HSQVY) Short Interest Up 1,149.9% in June

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 423,020 shares, a growth of 1,149.9% from the June 15th total of 33,843 shares. Based on an average daily trading volume, of 1,168,515 shares, the days-to-cover ratio is presently 0.4 days.

Husqvarna AB (publ) Stock Performance

Shares of OTCMKTS HSQVY traded up $0.08 during mid-day trading on Friday, hitting $7.46. 23,157 shares of the stock were exchanged, compared to its average volume of 122,397. Husqvarna AB has a twelve month low of $7.28 and a twelve month high of $12.20. The stock’s fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $9.13.

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

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.