AB Electrolux (publ) (OTCMKTS:ELUXY) Short Interest Up 200.0% in January

AB Electrolux (publ) (OTCMKTS:ELUXY) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 300 shares, an increase of 200.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic upgraded shares of AB Electrolux (publ) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st.

AB Electrolux (publ) Stock Up 2.2 %

Shares of ELUXY stock traded up $0.39 during mid-day trading on Wednesday, reaching $17.82. 1,672 shares of the company were exchanged, compared to its average volume of 939. AB Electrolux has a fifty-two week low of $14.19 and a fifty-two week high of $20.11. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.62 and a current ratio of 0.94. The company has a market capitalization of $2.52 billion, a P/E ratio of -18.00 and a beta of 1.23. The business’s 50 day simple moving average is $17.20 and its 200 day simple moving average is $17.53.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.10 EPS for the quarter. AB Electrolux (publ) had a negative return on equity of 14.05% and a negative net margin of 1.04%. Research analysts predict that AB Electrolux will post 2.18 earnings per share for the current year.

About AB Electrolux (publ)

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.