Alfa Laval AB (publ) (OTCMKTS:ALFVY) Short Interest Up 78.8% in May

Alfa Laval AB (publ) (OTCMKTS:ALFVYGet Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 9,300 shares, a growth of 78.8% from the April 30th total of 5,200 shares. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is presently 0.1 days.

ALFVY has been the subject of a number of recent analyst reports. Zacks Investment Research raised Alfa Laval AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 5th. Credit Suisse Group lowered Alfa Laval AB (publ) from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 13th. Exane BNP Paribas began coverage on Alfa Laval AB (publ) in a report on Friday, February 18th. They set an “outperform” rating and a SEK 350 price objective for the company. Citigroup cut their price objective on Alfa Laval AB (publ) from SEK 360 to SEK 331 and set a “buy” rating for the company in a report on Wednesday, April 27th. Finally, Barclays cut their price objective on Alfa Laval AB (publ) from SEK 382 to SEK 350 and set an “equal weight” rating for the company in a report on Monday, April 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $298.50.

OTCMKTS:ALFVY opened at $25.82 on Friday. The business has a 50 day moving average of $29.80 and a 200 day moving average of $34.06. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.02 and a beta of 1.43. Alfa Laval AB has a 1-year low of $24.00 and a 1-year high of $44.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.12 and a quick ratio of 0.67.

The company also recently announced a dividend, which was paid on Wednesday, May 18th. Investors of record on Thursday, April 28th were given a $0.5024 dividend. The ex-dividend date of this dividend was Wednesday, April 27th. This represents a yield of 1.53%. Alfa Laval AB (publ)’s payout ratio is 34.59%.

Alfa Laval AB (publ) Company Profile (Get Rating)

Alfa Laval AB (publ) provides heat transfer, separation, and fluid handling products and solutions worldwide. The company operates in three divisions: Energy, Food & Water, and Marine. It offers fluid handling systems, such as automation solutions; installation materials; cleaning validation instruments and instrumentation accessories; mixing equipment; centrifugal, circumferential piston, rotary lobe, and screw pumps; rotary jet and spray heads; tank covers and accessories; and valves.

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