Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Shares Shorted: Short Interest Down 95.6% in September

Key Points

• Short interest plunged 95.6% in September to 92 shares, representing 0.0% of outstanding shares and a short-interest ratio of 0.0 days.
• Alfa Laval shares rose 2.8% to $57.87, while the company’s market capitalization stood at $23.92 billion and its stock traded near its 50- and 200-day moving averages.
• The company missed quarterly EPS expectations, reporting $0.52 versus the $0.62 consensus estimate. Analysts’ overall rating remains Hold, despite four Buy ratings, three Holds and one Sell.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 92 shares, a drop of 95.6% from the September 15th total of 2,070 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 32,685 shares, the short-interest ratio is currently 0.0 days.

Alfa Laval Trading Up 2.8%

Shares of OTCMKTS ALFVY traded up $1.55 during trading on Friday, hitting $57.87. 14,534 shares of the company were exchanged, compared to its average volume of 20,659. The company has a fifty day moving average price of $57.85 and a 200-day moving average price of $57.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.12. The firm has a market capitalization of $23.92 billion, a PE ratio of 27.43, a P/E/G ratio of 3.94 and a beta of 1.12. Alfa Laval has a 12-month low of $44.78 and a 12-month high of $62.95.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last announced its quarterly earnings data 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). Alfa Laval had a net margin of 11.63% and a return on equity of 18.41%. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.87 billion. As a group, equities research analysts expect that Alfa Laval will post 2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALFVY. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Alfa Laval in a research note on Thursday, July 30th. Danske downgraded shares of Alfa Laval to a "hold" rating in a research note on Tuesday, September 29th. Citigroup restated a "neutral" rating on shares of Alfa Laval in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alfa Laval in a research note on Wednesday, July 22nd. Finally, Pareto Securities upgraded shares of Alfa Laval from a "hold" rating to a "buy" rating in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Alfa Laval Company Profile

Alfa Laval AB is a Sweden-based industrial technology company that develops products and systems for heat transfer, separation and fluid handling. Its solutions are used to improve energy efficiency, support clean-water and wastewater treatment, process food and beverages, and handle industrial fluids in a range of applications.

The company's offerings include heat exchangers, separators, decanters, pumps, valves, hygienic equipment and related process systems. Alfa Laval serves customers in industries such as energy, marine transportation, food and beverage, chemicals, pharmaceuticals, water treatment and general manufacturing.

Founded in 1883 by Swedish engineer Gustaf de Laval, the company has grown into a global business with sales, service operations and manufacturing activities across Europe, North America, Asia and other international markets.

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