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

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

Husqvarna AB (publ) Stock Performance

Shares of OTCMKTS:HSQVY opened at $6.97 on Wednesday. The company has a 50 day moving average price of $7.11 and a 200 day moving average price of $8.32. Husqvarna AB has a 1-year low of $6.33 and a 1-year high of $10.54.

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

Wall Street Analyst Weigh In

Separately, Danske cut shares of Husqvarna AB (publ) to a “hold” rating in a research report on Thursday, October 22nd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Husqvarna AB (publ)

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.