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

Alfa Laval Corporate AB (OTCMKTS:ALFVY) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 107,800 shares, the short-interest ratio is currently 2.5 days. Currently, 0.1% of the company’s stock are short sold.

Alfa Laval Corporate Stock Performance

ALFVY stock opened at $45.07 on Thursday. The firm has a 50 day simple moving average of $44.07 and a 200 day simple moving average of $44.09. Alfa Laval Corporate has a 52 week low of $38.20 and a 52 week high of $48.46. The stock has a market cap of $18.63 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.34.

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research report 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.