Short Interest in Alfa Laval Corporate AB (OTCMKTS:ALFVY) Expands By 77.1%

Alfa Laval Corporate AB (OTCMKTS:ALFVY) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 6,200 shares, a growth of 77.1% from the October 15th total of 3,500 shares. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is presently 0.4 days.

Alfa Laval Corporate Stock Performance

Shares of Alfa Laval Corporate stock opened at $42.22 on Friday. The company has a 50 day moving average of $45.32 and a 200-day moving average of $44.57. The company has a market cap of $17.45 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.07 and a beta of 1.45. 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 has a 1-year low of $34.87 and a 1-year high of $48.46.

Alfa Laval Corporate (OTCMKTS:ALFVY) last issued its earnings results on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.74 billion. As a group, equities research analysts forecast that Alfa Laval Corporate will post 1.8 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.