Short Interest in Alfa Laval Corporate AB (OTCMKTS:ALFVY) Grows By 91,233.3%

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 274,000 shares, an increase of 91,233.3% from the February 28th total of 300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 107,800 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Ratings Changes

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

Alfa Laval Corporate Trading Down 1.2 %

Shares of OTCMKTS ALFVY traded down $0.55 during trading hours on Wednesday, hitting $45.07. The company’s stock had a trading volume of 15,996 shares, compared to its average volume of 32,886. The business has a 50-day simple moving average of $44.01 and a 200-day simple moving average of $44.08. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.34. Alfa Laval Corporate has a 12 month low of $38.20 and a 12 month high of $48.46.

Alfa Laval Corporate (OTCMKTS:ALFVY) last posted its earnings results on Wednesday, February 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). Alfa Laval Corporate had a net margin of 11.07% and a return on equity of 18.34%. On average, analysts anticipate that Alfa Laval Corporate will post 1.85 earnings per share for the current fiscal year.

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.