Short Interest in Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Grows By 137.5%

Key Points

• Short interest in Alfa Laval AB Unsponsored ADR increased by 137.5% in September, with total shares short rising from 3,200 to 7,600.
• Equities research analysts are generally cautious, with a consensus rating of "Hold" and Zacks lowering its rating from "strong-buy" to "hold".
• Alfa Laval's recent earnings report showed missed expectations for EPS and revenue, with a reported EPS of $0.50 against a consensus of $0.55.

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,600 shares, an increase of 137.5% from the September 15th total of 3,200 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ALFVY shares. Zacks Research cut shares of Alfa Laval from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Citigroup reiterated a "neutral" rating on shares of Alfa Laval in a report on Wednesday, July 30th. Finally, Nordea Equity Research upgraded shares of Alfa Laval from a "sell" rating to a "hold" rating in a report on Wednesday, July 23rd. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Alfa Laval presently has a consensus rating of "Hold".

Alfa Laval Stock Performance

Alfa Laval stock opened at $47.65 on Friday. Alfa Laval has a fifty-two week low of $36.86 and a fifty-two week high of $48.34. The firm's 50 day simple moving average is $46.11 and its 200-day simple moving average is $43.56. 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 company has a market cap of $19.69 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.50 EPS 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. As a group, equities research analysts predict that Alfa Laval will post 1.85 EPS for the current 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.

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