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

Alfa Laval Corporate AB (OTCMKTS:ALFVY) saw a large 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. Based on an average trading volume of 107,800 shares, the short-interest ratio is presently 2.5 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

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.

Alfa Laval Corporate Stock Down 1.2 %

Shares of ALFVY stock opened at $45.07 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.34. The stock has a market cap of $18.63 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43. The business’s fifty day moving average is $44.07 and its 200-day moving average is $44.09. Alfa Laval Corporate has a 1 year low of $38.20 and a 1 year high of $48.46.

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