Husqvarna AB (publ) (OTCMKTS:HSQVY) Stock Short Interest Report for October

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 83,182 shares, an increase of 132.2% from the September 30th total of 35,822 shares. Based on an average trading volume of 196,252 shares, the days-to-cover ratio is presently 0.4 days.

Husqvarna AB (publ) Price Performance

OTCMKTS:HSQVY opened at $6.56 on Friday. The firm has a 50 day simple moving average of $7.29 and a 200-day simple moving average of $8.45. Husqvarna AB has a 1-year low of $6.33 and a 1-year high of $10.54.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its earnings results on Wednesday, October 21st. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $934.26 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Danske downgraded Husqvarna AB (publ) to a “hold” rating in a research report on Thursday, October 22nd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based manufacturer of outdoor power products and related equipment. The company serves professional users, consumers and landowners through products such as chainsaws, trimmers, brushcutters, lawn mowers, ride-on mowers and robotic lawn mowers. It also offers digital solutions, accessories, replacement parts and service support.

Husqvarna Group operates through several established brands, including Husqvarna, Gardena and McCulloch. Gardena focuses primarily on consumer gardening products, including watering systems, garden tools and irrigation equipment.