Short Interest in Alfa Laval Corporate AB (OTCMKTS:ALFVY) Drops By 87.0%

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 300 shares, a drop of 87.0% from the December 31st total of 2,300 shares. Based on an average daily trading volume, of 63,400 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 18th.

Alfa Laval Corporate Trading Up 1.2 %

Shares of Alfa Laval Corporate stock opened at $44.88 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.42. Alfa Laval Corporate has a 52-week low of $34.99 and a 52-week high of $48.46. The company’s 50-day simple moving average is $42.89 and its 200-day simple moving average is $43.86.

Alfa Laval Corporate 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.