Short Interest in Alfa Laval Corporate AB (OTCMKTS:ALFVY) Drops By 62.0%

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,800 shares, a decline of 62.0% from the March 31st total of 10,000 shares. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is currently 0.2 days.

Alfa Laval Corporate Stock Up 1.4 %

Shares of Alfa Laval Corporate stock traded up $0.53 during trading hours on Thursday, hitting $39.77. 12,178 shares of the company’s stock traded hands, compared to its average volume of 10,670. The company has a market cap of $16.44 billion, a PE ratio of 27.43, a PEG ratio of 2.57 and a beta of 1.49. Alfa Laval Corporate has a twelve month low of $30.44 and a twelve month high of $41.83. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $37.01.

Alfa Laval Corporate (OTCMKTS:ALFVY) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Alfa Laval Corporate had a return on equity of 17.38% and a net margin of 9.95%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.72 billion. Equities research analysts anticipate that Alfa Laval Corporate will post 1.63 earnings per share for the current fiscal year.

Alfa Laval Corporate Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 29th will be given a dividend of $0.7098 per share. This is a boost from Alfa Laval Corporate’s previous dividend of $0.43. The ex-dividend date is Friday, April 26th. Alfa Laval Corporate’s dividend payout ratio (DPR) is presently 30.34%.

Alfa Laval Corporate Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.