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

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

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 research note on Wednesday, December 18th.

Alfa Laval Corporate Stock Performance

OTCMKTS:ALFVY traded down $0.55 during trading hours on Wednesday, reaching $45.07. The company had a trading volume of 15,996 shares, compared to its average volume of 32,886. The firm’s 50 day moving average price is $44.01 and its 200-day moving average price is $44.08. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.08 and a beta of 1.43. 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 52 week low of $38.20 and a 52 week high of $48.46.

Alfa Laval Corporate (OTCMKTS:ALFVY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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, analysts forecast that Alfa Laval Corporate will post 1.85 EPS for the current 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.