Electrolux AB (OTCMKTS:ELUXY) Shares Shorted: Short Interest Down 77.0% in October

Key Points

• Electrolux short interest fell 77% in October to 2,421 shares, representing about 0.0% of shares outstanding and just 0.2 days to cover.
• The stock opened at $5.55, up 4.3%, with a market capitalization of approximately $785.5 million. In its latest quarter, Electrolux reported a $0.01 per-share loss, missing estimates by $0.12, although revenue of $3.42 billion exceeded forecasts.
• Analyst sentiment remains mixed, with one Strong Buy, four Hold, and one Sell rating; MarketBeat’s consensus rating is Hold.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,421 shares, a decrease of 77.0% from the September 30th total of 10,546 shares. Based on an average daily volume of 9,693 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Electrolux Stock Up 4.3%

OTCMKTS:ELUXY opened at $5.55 on Wednesday. The firm has a market capitalization of $785.54 million, a PE ratio of -7.12 and a beta of 1.22. Electrolux has a 12-month low of $4.63 and a 12-month high of $19.83. The firm has a 50-day moving average price of $5.49 and a 200 day moving average price of $10.24.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last released its quarterly earnings data on Friday, October 23rd. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.35 billion. On average, research analysts expect that Electrolux will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research downgraded Electrolux from a "hold" rating to a "strong sell" rating in a research note on Friday, October 23rd. Dnb Carnegie upgraded shares of Electrolux from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electrolux presently has a consensus rating of "Hold".

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.

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