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

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 35,822 shares, an increase of 61.3% from the September 15th total of 22,203 shares. Based on an average daily volume of 52,974 shares, the short-interest ratio is currently 0.7 days.

Husqvarna AB (publ) Trading Up 1.2%

HSQVY traded up $0.09 on Friday, reaching $7.29. 12,206 shares of the company traded hands, compared to its average volume of 92,179. Husqvarna AB has a one year low of $6.72 and a one year high of $10.95. The firm has a fifty day simple moving average of $7.55 and a two-hundred day simple moving average of $8.20.

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

Husqvarna AB (publ) Company Profile

Husqvarna AB (publ) is a Sweden-based manufacturer of outdoor power products and related equipment. The company serves professional users, consumers and landowners through products such as chainsaws, trimmers, brushcutters, lawn mowers, ride-on mowers and robotic lawn mowers. It also offers digital solutions, accessories, replacement parts and service support.

Husqvarna Group operates through several established brands, including Husqvarna, Gardena and McCulloch. Gardena focuses primarily on consumer gardening products, including watering systems, garden tools and irrigation equipment.