Short Interest in Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Drops By 45.3%

Key Points

• Alfa Laval AB saw a significant 45.3% drop in short interest in August, reducing total short shares to 9,300 as of August 15th.
• Wall Street analysts maintain a consensus "Hold" rating on the stock, with recent upgrades from Nordea Equity Research.
• In its latest quarterly earnings report, Alfa Laval missed expectations with $0.50 EPS and total quarterly revenue of $1.76 billion, falling short of the anticipated $1.83 billion.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totaling 9,300 shares, a decline of 45.3% from the July 31st total of 17,000 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Nordea Equity Research raised shares of Alfa Laval from a "sell" rating to a "hold" rating in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "neutral" rating on shares of Alfa Laval in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Alfa Laval Price Performance

OTCMKTS ALFVY traded down $0.35 during trading hours on Tuesday, hitting $46.38. 4,323 shares of the company's stock traded hands, compared to its average volume of 23,486. Alfa Laval has a 52-week low of $36.86 and a 52-week high of $48.46. The company has a market capitalization of $19.17 billion, a PE ratio of 24.80, a PEG ratio of 2.43 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.33 and a quick ratio of 0.89. The firm's 50-day moving average is $44.29 and its 200-day moving average is $43.07.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). Alfa Laval had a net margin of 11.86% and a return on equity of 19.35%. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.83 billion. Equities analysts forecast that Alfa Laval will post 1.85 EPS for the current fiscal year.

Alfa Laval 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.