Short Interest in Electrolux AB (OTCMKTS:ELUXY) Expands By ∞

Electrolux AB (OTCMKTS:ELUXY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 3,242 shares, an increase of ∞ from the June 15th total of 0 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 22,847 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, Electrolux presently has an average rating of “Hold”.

Electrolux Stock Performance

Shares of Electrolux stock opened at $5.13 on Friday. The company’s 50 day moving average price is $9.92 and its two-hundred day moving average price is $12.85. The firm has a market capitalization of $726.10 million, a P/E ratio of 19.73, a P/E/G ratio of 0.78 and a beta of 1.15. Electrolux has a fifty-two week low of $5.02 and a fifty-two week high of $19.83. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, equities analysts forecast that Electrolux will post 0.18 earnings per share for the current fiscal year.

Electrolux Company Profile

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.