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

Alfa Laval Corporate AB (OTCMKTS:ALFVY - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 3,500 shares, a drop of 18.6% from the September 30th total of 4,300 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is currently 0.2 days.

Alfa Laval Corporate Price Performance

Shares of OTCMKTS:ALFVY traded up $1.16 during midday trading on Monday, reaching $46.30. 8,811 shares of the company's stock were exchanged, compared to its average volume of 11,860. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 1.36. The company's 50 day simple moving average is $45.38 and its two-hundred day simple moving average is $44.20. Alfa Laval Corporate has a 12 month low of $31.52 and a 12 month high of $48.46. The firm has a market capitalization of $19.14 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

Alfa Laval Corporate (OTCMKTS:ALFVY - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.74 billion. Alfa Laval Corporate had a net margin of 10.14% and a return on equity of 17.48%. Equities research analysts expect that Alfa Laval Corporate will post 1.82 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.