Electrolux AB (OTCMKTS:ELUXY) Short Interest Update

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 353 shares, a decline of 99.6% from the April 15th total of 87,499 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,155 shares, the days-to-cover ratio is currently 0.0 days.

Electrolux Stock Performance

Shares of ELUXY stock opened at $11.10 on Tuesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 42.69 and a beta of 1.05. The company’s 50 day moving average is $13.10 and its 200 day moving average is $13.79. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. Electrolux has a 52-week low of $9.84 and a 52-week high of $19.83.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.20% and a net margin of 0.27%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, sell-side analysts anticipate that Electrolux will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on ELUXY shares. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research report on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Zacks Research downgraded shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.