Short Interest in Electrolux AB (OTCMKTS:ELUXY) Increases By ∞

Electrolux AB (OTCMKTS:ELUXY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,581 shares, an increase of ∞ from the May 14th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,835 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Electrolux presently has an average rating of “Reduce”.

Electrolux Stock Down 3.5%

Shares of OTCMKTS ELUXY traded down $0.44 during mid-day trading on Monday, reaching $12.13. 3,495 shares of the company’s stock traded hands, compared to its average volume of 9,696. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The business has a 50-day simple moving average of $12.15 and a 200 day simple moving average of $13.72. The stock has a market cap of $1.72 billion, a P/E ratio of 46.65 and a beta of 1.08. Electrolux has a 1-year low of $9.84 and a 1-year 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 4.03% and a net margin of 0.27%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, analysts expect that Electrolux will post -0.07 EPS for the current fiscal year.

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.