Husqvarna AB (publ) (OTCMKTS:HSQVY) Sees Significant Decrease in Short Interest

Husqvarna AB (publ) (OTCMKTS:HSQVY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 143,790 shares, a drop of 66.0% from the June 30th total of 423,020 shares. Based on an average trading volume of 104,939 shares, the days-to-cover ratio is currently 1.4 days.

Husqvarna AB (publ) Trading Up 2.1%

Shares of OTCMKTS:HSQVY opened at $7.74 on Friday. Husqvarna AB has a 1 year low of $7.28 and a 1 year high of $12.20. The firm’s 50-day moving average is $8.30 and its two-hundred day moving average is $8.97.

Husqvarna AB (publ) (OTCMKTS:HSQVY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.48 earnings per share for the quarter. The business had revenue of $1.54 billion during the quarter.

About Husqvarna AB (publ)

Husqvarna AB (publ) is a Sweden-based global leader in outdoor power products, serving both consumer and professional markets. The company’s core offerings include chainsaws, trimmers, robotic lawn mowers, ride-on mowers, hedge trimmers and garden tractors. Husqvarna also provides light construction products such as demolition robots, surface preparation equipment and power cutters under its Construction division. These products are marketed under several brands, including Husqvarna, Gardena, McCulloch and Flymo, each tailored to specific customer segments.

Founded in 1689 as a royal arms foundry, Husqvarna has evolved over more than three centuries into an international manufacturing group.