Electrolux AB (OTCMKTS:ELUXY) Short Interest Up ∞ in May

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 3,581 shares, a growth of ∞ from the May 14th total of 0 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,835 shares, the days-to-cover ratio is currently 0.6 days.

Electrolux Price Performance

ELUXY stock opened at $12.57 on Friday. Electrolux has a 52-week low of $9.84 and a 52-week high of $19.83. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 48.35 and a beta of 1.08. The firm has a 50 day moving average price of $12.15 and a 200-day moving average price of $13.71. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. Equities research analysts forecast that Electrolux will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on ELUXY. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. 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.