Electrolux AB (OTCMKTS:ELUXY) Sees Large Decrease in Short Interest

Key Points

• Electrolux AB experienced a 21.4% decline in short interest, dropping to a total of 1,100 shares as of August 15th.
• The company reported an earnings per share (EPS) of $0.13 for the latest quarter, missing the consensus estimate significantly by $0.40.
• Barclays has maintained an "underweight" rating on Electrolux shares, while the stock holds an average rating of "Moderate Buy" from analysts.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 1,100 shares, a decline of 21.4% from the July 31st total of 1,400 shares. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Barclays reaffirmed an "underweight" rating on shares of Electrolux in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Electrolux Trading Down 0.3%

ELUXY traded down $0.03 on Friday, hitting $11.59. The company had a trading volume of 541 shares, compared to its average volume of 5,334. The company has a market cap of $1.64 billion, a PE ratio of 128.77 and a beta of 1.06. Electrolux has a 12-month low of $11.39 and a 12-month high of $20.11. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 4.02. The business's fifty day simple moving average is $12.80 and its 200 day simple moving average is $14.00.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.40). The company had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $33.03 billion. Electrolux had a return on equity of 1.61% and a net margin of 0.11%. Equities research analysts expect that Electrolux will post 2.13 EPS for the current year.

Electrolux Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.