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

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a drop of 88.7% from the October 31st total of 6,200 shares. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is currently 0.0 days.

Alfa Laval Corporate Price Performance

ALFVY stock opened at $43.12 on Thursday. The stock has a market cap of $17.82 billion, a PE ratio of 27.29, a P/E/G ratio of 2.11 and a beta of 1.45. Alfa Laval Corporate has a 12 month low of $34.87 and a 12 month high of $48.46. The company has a 50-day moving average price of $45.09 and a 200 day moving average price of $44.51. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25.

Alfa Laval Corporate (OTCMKTS:ALFVY) last announced its earnings results on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Alfa Laval Corporate had a net margin of 10.39% and a return on equity of 17.71%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Equities research analysts anticipate that Alfa Laval Corporate will post 1.8 earnings per share for the current year.

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.