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

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 20,299 shares, a drop of 81.4% from the July 30th total of 108,890 shares. Based on an average daily trading volume, of 39,470 shares, the days-to-cover ratio is presently 0.5 days.

Husqvarna AB (publ) Price Performance

Shares of Husqvarna AB (publ) stock remained flat at $7.83 during trading on Thursday. The company had a trading volume of 23,621 shares, compared to its average volume of 102,696. The business’s 50-day simple moving average is $7.90 and its 200 day simple moving average is $8.63. Husqvarna AB has a 12-month low of $7.28 and a 12-month high of $11.60.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last released its quarterly earnings results on Friday, July 17th. The company reported $0.48 EPS for the quarter. The company had revenue of $1.54 billion for the quarter.

Husqvarna AB (publ) Company Profile

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.