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

Alfa Laval Corporate AB (OTCMKTS:ALFVY – Get Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 10,000 shares, an increase of 56.3% from the April 30th total of 6,400 shares. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 0.6 days.

Alfa Laval Corporate Stock Performance

ALFVY stock traded up $0.62 during trading hours on Friday, hitting $36.53. 9,053 shares of the stock were exchanged, compared to its average volume of 10,996. The company has a 50-day simple moving average of $35.75 and a two-hundred day simple moving average of $32.43. The firm has a market capitalization of $15.12 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.85 and a beta of 1.39. Alfa Laval Corporate has a 12 month low of $22.73 and a 12 month high of $37.95. The company has a current ratio of 1.33, a quick ratio of 0.79 and a debt-to-equity ratio of 0.38.

Alfa Laval Corporate Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, April 27th were given a dividend of $0.4325 per share. This represents a yield of 1.18%. The ex-dividend date was Wednesday, April 26th. Alfa Laval Corporate’s dividend payout ratio is 36.98%.

Analyst Ratings Changes

A number of research analysts have recently commented on ALFVY shares. Handelsbanken raised shares of Alfa Laval Corporate from a “market perform” rating to an “outperform” rating in a research report on Monday, March 13th. DNB Markets downgraded Alfa Laval Corporate from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Finally, Danske downgraded Alfa Laval Corporate from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Alfa Laval Corporate has an average rating of “Hold” and an average target price of $283.20.

Alfa Laval Corporate Company Profile

(Get Rating)

Alfa Laval AB engages on energy optimization, environmental protection and food production. It operates through the following business segments: Energy, Food & Water, Marine, and Operations & Other. The Energy segment comprises of brazed and fusion bonded heat exchangers, energy separation, gasketed plate heat exchangers, and welded heat exchangers.