Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Significant Drop in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 12,145 shares, a drop of 85.4% from the October 15th total of 83,182 shares. Based on an average daily trading volume, of 82,813 shares, the short-interest ratio is presently 0.1 days.

Husqvarna AB (publ) Price Performance

Shares of OTCMKTS HSQVY opened at $6.97 on Wednesday. The firm’s 50-day moving average price is $7.11 and its two-hundred day moving average price is $8.32. Husqvarna AB has a 52-week low of $6.33 and a 52-week high of $10.54.

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

Analyst Ratings Changes

Separately, Danske lowered Husqvarna AB (publ) to a “hold” rating in a research report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based company that develops, manufactures and sells outdoor power products, watering equipment and solutions for professional and consumer users. Its product portfolio includes chainsaws, trimmers, brushcutters, lawn mowers, robotic lawn mowers, ride-on mowers and other equipment used in forestry, landscaping and garden maintenance. The company also offers irrigation and gardening products through its Gardena business, including watering systems, pumps, hoses and garden tools.