Alfa Laval Corporate AB (OTCMKTS:ALFVY) Sees Large Growth in Short Interest

Alfa Laval Corporate AB (OTCMKTS:ALFVY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,300 shares, an increase of 2,200.0% from the December 15th total of 100 shares. Based on an average daily volume of 41,300 shares, the short-interest ratio is presently 0.1 days.

Alfa Laval Corporate Stock Performance

ALFVY stock opened at $41.09 on Wednesday. The firm has a 50 day moving average of $42.74 and a two-hundred day moving average of $43.89. Alfa Laval Corporate has a 12 month low of $34.87 and a 12 month high of $48.46. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 2.13 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Alfa Laval Corporate (OTCMKTS:ALFVY) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Alfa Laval Corporate had a return on equity of 17.71% and a net margin of 10.39%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.74 billion. As a group, equities analysts anticipate that Alfa Laval Corporate will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.