Short Interest in Alfa Laval Corporate AB (OTCMKTS:ALFVY) Drops By 96.9%

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 8,400 shares, a decrease of 96.9% from the March 15th total of 274,000 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is currently 0.1 days.

Alfa Laval Corporate Stock Up 0.3 %

Shares of OTCMKTS:ALFVY opened at $39.98 on Tuesday. The business has a 50-day moving average price of $43.10 and a 200 day moving average price of $43.56. Alfa Laval Corporate has a 12-month low of $36.86 and a 12-month high of $48.46. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.08 and a beta of 1.34.

Alfa Laval Corporate (OTCMKTS:ALFVY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). Alfa Laval Corporate had a net margin of 11.07% and a return on equity of 18.34%. Sell-side analysts expect that Alfa Laval Corporate will post 1.85 EPS for the current year.

Analysts Set New Price Targets

ALFVY has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, December 18th. UBS Group raised shares of Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group upgraded Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 26th.

Alfa Laval Corporate Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.