Short Interest in Husqvarna AB (publ) (OTCMKTS:HSQVY) Declines By 28.1%

Husqvarna AB (publ) (OTCMKTS:HSQVYGet Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 41,200 shares, a decrease of 28.1% from the April 30th total of 57,300 shares. Based on an average daily volume of 173,900 shares, the short-interest ratio is currently 0.2 days.

Shares of HSQVY opened at $18.24 on Friday. The firm has a fifty day simple moving average of $19.24 and a two-hundred day simple moving average of $25.03. Husqvarna AB has a twelve month low of $16.27 and a twelve month high of $32.57.

Separately, DNB Markets cut shares of Husqvarna AB (publ) from a “hold” rating to a “sell” rating in a research note on Friday, March 18th.

Husqvarna AB (publ) Company Profile (Get Rating)

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and cutting and surface preparation equipment. It operates through three divisions: Husqvarna Forest & Garden, Gardena, and Husqvarna Construction. The Husqvarna Forest & Garden division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders and zero-turn mowers; robotic lawn mowers; and accessories and spare parts.

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