Short Interest in AB Electrolux (publ) (OTCMKTS:ELUXY) Expands By 185.4%

AB Electrolux (publ) (OTCMKTS:ELUXY) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 11,700 shares, a growth of 185.4% from the September 15th total of 4,100 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 0.4 days.

ELUXY traded up $1.11 during mid-day trading on Thursday, reaching $43.10. 3,175 shares of the stock were exchanged, compared to its average volume of 9,438. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.99. The stock has a market capitalization of $6.66 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.26. The company has a 50 day moving average price of $48.52 and a two-hundred day moving average price of $53.46. AB Electrolux has a 1 year low of $40.83 and a 1 year high of $60.87.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its quarterly earnings data on Monday, July 19th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.10). The firm had revenue of $3.60 billion for the quarter. AB Electrolux (publ) had a return on equity of 36.23% and a net margin of 5.69%. Sell-side analysts expect that AB Electrolux will post 4.41 EPS for the current fiscal year.

A number of analysts have commented on ELUXY shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of AB Electrolux (publ) in a research note on Tuesday, September 28th. Zacks Investment Research lowered shares of AB Electrolux (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 29th. Morgan Stanley restated an “equal weight” rating on shares of AB Electrolux (publ) in a research note on Friday, September 17th. Cheuvreux lowered shares of AB Electrolux (publ) from a “hold” rating to a “reduce” rating in a research note on Wednesday, July 21st. Finally, Pareto Securities upgraded shares of AB Electrolux (publ) from a “hold” rating to a “buy” rating in a research note on Wednesday, July 21st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.53.

AB Electrolux (publ) Company Profile

Electrolux AB engages in the manufacturing of home and professional appliances. It operates through the following business segments: Europe; North America; Latin America; and Asia-Pacific, Middle East and Africa. The company was founded by Axel Wenner-Gren on August 1, 1919 and is headquartered in Stockholm, Sweden.

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