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

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the target of a significant increase in short interest in 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 shares of the company are sold short. Based on an average trading volume of 107,800 shares, the short-interest ratio is presently 2.5 days.

Alfa Laval Corporate Stock Performance

Shares of ALFVY stock opened at $45.07 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. Alfa Laval Corporate has a 12-month low of $38.20 and a 12-month high of $48.46. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43. The stock has a 50 day simple moving average of $44.11 and a 200-day simple moving average of $44.09.

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

Wall Street Analyst Weigh In

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

About Alfa Laval Corporate

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.