Short Interest in Husqvarna AB (publ) (OTCMKTS:HSQVY) Declines By 79.4%

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 25,074 shares, a decrease of 79.4% from the May 14th total of 121,896 shares. Based on an average trading volume of 21,793 shares, the short-interest ratio is presently 1.2 days.

Husqvarna AB (publ) Stock Up 3.4%

HSQVY traded up $0.29 on Thursday, hitting $8.76. 23,742 shares of the company traded hands, compared to its average volume of 85,278. The company has a 50 day moving average of $9.09 and a 200-day moving average of $9.39. Husqvarna AB has a 12-month low of $7.44 and a 12-month high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.45 EPS for the quarter. The company had revenue of $1.53 billion for the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.