Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Sees Significant Decrease in Short Interest

Key Points

• Alfa Laval AB's short interest declined by 61.3% in August, dropping from 9,300 shares to 3,600 shares.
• Analyst ratings for Alfa Laval indicate a consensus of "Hold", with Citigroup reaffirming a neutral rating and Nordea Equity Research upgrading its rating from sell to hold.
• The company's quarterly earnings report showed an earnings per share (EPS) of $0.50, missing the consensus estimate of $0.55, while revenue was $1.76 billion, below the estimated $1.83 billion.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 3,600 shares, a decline of 61.3% from the August 15th total of 9,300 shares. Based on an average trading volume of 23,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,700 shares, the days-to-cover ratio is presently 0.2 days.

Alfa Laval Stock Up 0.1%

OTCMKTS:ALFVY traded up $0.05 on Thursday, hitting $46.36. 5,950 shares of the company's stock traded hands, compared to its average volume of 9,231. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. Alfa Laval has a 1 year low of $36.86 and a 1 year high of $48.46. The firm has a 50-day moving average price of $44.85 and a 200-day moving average price of $43.25. The company has a market cap of $19.16 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.43 and a beta of 1.37.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last released its 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 business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.83 billion. Equities analysts anticipate that Alfa Laval will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup reiterated a "neutral" rating on shares of Alfa Laval in a research report on Wednesday, July 30th. Nordea Equity Research upgraded shares of Alfa Laval from a "sell" rating to a "hold" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Alfa Laval presently has a consensus rating of "Hold".

About Alfa Laval

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.