Electrolux AB (OTCMKTS:ELUXY) Sees Significant Decline in Short Interest

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

Electrolux Stock Performance

Shares of OTCMKTS ELUXY traded down $0.63 during mid-day trading on Monday, hitting $11.10. 917 shares of the company were exchanged, compared to its average volume of 11,529. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The stock has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $13.79. Electrolux has a 1-year low of $9.84 and a 1-year high of $19.83. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 42.69 and a beta of 1.05.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ELUXY shares. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research downgraded Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Electrolux presently has an average rating of “Reduce”.

About Electrolux

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.