Short Interest in Electrolux AB (OTCMKTS:ELUXY) Rises By ∞

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 3,581 shares, a growth of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,835 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ELUXY shares. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Electrolux Stock Performance

Electrolux stock remained flat at $11.97 during mid-day trading on Tuesday. 3,715 shares of the company traded hands, compared to its average volume of 1,897. The company has a 50 day moving average of $12.12 and a 200 day moving average of $13.72. Electrolux has a one year low of $9.84 and a one year high of $19.83. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 46.04 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. As a group, equities research analysts forecast that Electrolux will post -0.07 earnings per share for the current year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.