Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Large Increase in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 11,000 shares, an increase of 139.1% from the June 30th total of 4,600 shares. Based on an average daily volume of 52,200 shares, the days-to-cover ratio is presently 0.2 days.

Husqvarna AB (publ) Stock Down 0.3 %

HSQVY traded down $0.04 during midday trading on Friday, reaching $13.38. 81,799 shares of the company’s stock were exchanged, compared to its average volume of 16,476. Husqvarna AB has a one year low of $12.25 and a one year high of $19.94. The business has a 50-day simple moving average of $16.43 and a two-hundred day simple moving average of $16.08.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.42 EPS for the quarter. The business had revenue of $1.44 billion for the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three divisions: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction. The Husqvarna Forest & Garden division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders and zero-turn mowers; robotic lawn mowers; and accessories and spare parts.