Electrolux AB (OTCMKTS:ELUXY) Shares Shorted: Short Interest Down 77.0% in October

Electrolux AB (OTCMKTS:ELUXY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,421 shares, a decrease of 77.0% from the September 30th total of 10,546 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,693 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Dnb Carnegie raised Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electrolux has a consensus rating of “Hold”.

Electrolux Price Performance

ELUXY opened at $5.55 on Wednesday. The business’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $10.24. Electrolux has a 1 year low of $4.63 and a 1 year high of $19.83. The company has a market capitalization of $785.54 million, a price-to-earnings ratio of -7.12 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Sell-side analysts anticipate that Electrolux will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.