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

Key Points

• Short interest rose 65.6% in August to 1,939 shares, but shorted shares still represented 0.0% of the company’s stock and only 0.1 days of trading volume.
• ALFVY shares opened at $59.95, near their 12-month high of $62.95, with a market capitalization of $24.78 billion. The company’s latest quarterly EPS of $0.52 missed estimates of $0.62, while revenue matched forecasts at $1.87 billion.
• Analyst sentiment is mixed: four analysts rate the stock Buy, two Hold, and one Sell, resulting in an overall average rating of Hold.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,939 shares, an increase of 65.6% from the July 30th total of 1,171 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 17,178 shares, the days-to-cover ratio is presently 0.1 days.

Alfa Laval Stock Performance

Shares of ALFVY stock opened at $59.95 on Monday. The firm's 50 day moving average is $58.73 and its 200 day moving average is $57.88. The stock has a market capitalization of $24.78 billion, a P/E ratio of 28.41, a PEG ratio of 4.05 and a beta of 1.12. Alfa Laval has a 12 month low of $44.75 and a 12 month high of $62.95. The company has a current ratio of 1.12, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.10). The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. Alfa Laval had a net margin of 11.63% and a return on equity of 18.41%. On average, sell-side analysts anticipate that Alfa Laval will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALFVY. Royal Bank Of Canada restated an "outperform" rating on shares of Alfa Laval in a report on Thursday, July 30th. Citigroup restated a "neutral" rating on shares of Alfa Laval in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alfa Laval in a report on Wednesday, July 22nd. Finally, Pareto Securities upgraded shares of Alfa Laval from a "hold" rating to a "buy" rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

About Alfa Laval

Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.

The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.

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