Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Significant Growth in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 423,020 shares, a growth of 1,149.9% from the June 15th total of 33,843 shares. Based on an average daily volume of 1,168,515 shares, the short-interest ratio is presently 0.4 days.

Husqvarna AB (publ) Trading Up 1.1%

Shares of OTCMKTS HSQVY traded up $0.08 during trading hours on Friday, hitting $7.46. 23,157 shares of the stock were exchanged, compared to its average volume of 122,397. Husqvarna AB has a 12 month low of $7.28 and a 12 month high of $12.20. The firm has a fifty day moving average price of $8.69 and a 200-day moving average price of $9.13.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.45 EPS for the quarter. The business had revenue of $1.53 billion for 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.