Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Large Growth in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 11,000 shares, an increase of 139.1% from the June 30th total of 4,600 shares. Based on an average daily trading volume, of 52,200 shares, the days-to-cover ratio is currently 0.2 days.

Husqvarna AB (publ) Trading Down 0.3 %

Shares of OTCMKTS HSQVY traded down $0.04 during trading hours on Friday, hitting $13.38. The stock had a trading volume of 81,799 shares, compared to its average volume of 16,476. The firm’s 50-day moving average price is $16.36 and its two-hundred day moving average price is $16.06. Husqvarna AB has a 52 week low of $12.25 and a 52 week high of $19.94.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its earnings results on Thursday, July 18th. The company reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $1.44 billion during the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three divisions: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction. The Husqvarna Forest & Garden division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders and zero-turn mowers; robotic lawn mowers; and accessories and spare parts.