Husqvarna AB (publ) (OTCMKTS:HSQVY) Short Interest Update

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 143,790 shares, a drop of 66.0% from the June 30th total of 423,020 shares. Based on an average daily volume of 104,939 shares, the short-interest ratio is presently 1.4 days.

Husqvarna AB (publ) Price Performance

Shares of OTCMKTS HSQVY traded up $0.32 during trading on Tuesday, reaching $8.18. The stock had a trading volume of 13,431 shares, compared to its average volume of 115,268. The firm’s 50 day moving average price is $8.27 and its two-hundred day moving average price is $8.94. Husqvarna AB has a one year low of $7.28 and a one year high of $12.20.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last released its quarterly earnings data on Friday, July 17th. The company reported $0.48 EPS for the quarter. The business had revenue of $1.54 billion during the quarter.

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.