Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Declines By 45.5%

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 15,000 shares, a decline of 45.5% from the February 29th total of 27,500 shares. Based on an average daily volume of 81,300 shares, the days-to-cover ratio is presently 0.2 days.

Sandvik AB (publ) Trading Down 0.1 %

OTCMKTS:SDVKY traded down $0.02 during trading hours on Thursday, reaching $22.78. 54,879 shares of the company were exchanged, compared to its average volume of 48,277. Sandvik AB has a 52-week low of $16.31 and a 52-week high of $23.50. The stock has a 50 day simple moving average of $21.72 and a 200 day simple moving average of $20.07. The firm has a market cap of $28.58 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.26 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 0.86.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its earnings results on Thursday, January 25th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.06). The business had revenue of $2.99 billion for the quarter. Sandvik AB (publ) had a net margin of 12.09% and a return on equity of 18.21%. As a group, analysts predict that Sandvik AB will post 1.36 EPS for the current year.

Institutional Investors Weigh In On Sandvik AB (publ)

A number of large investors have recently added to or reduced their stakes in SDVKY. GAMMA Investing LLC acquired a new stake in shares of Sandvik AB (publ) in the 4th quarter valued at about $61,000. Comerica Bank acquired a new position in shares of Sandvik AB (publ) in the 2nd quarter worth approximately $377,000. OLD Mission Capital LLC bought a new stake in shares of Sandvik AB (publ) in the 1st quarter valued at approximately $201,000. Russell Investments Group Ltd. acquired a new stake in shares of Sandvik AB (publ) during the 1st quarter valued at approximately $41,000. Finally, Captrust Financial Advisors lifted its stake in Sandvik AB (publ) by 15.6% during the second quarter. Captrust Financial Advisors now owns 8,385 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 1,131 shares during the last quarter. 0.74% of the stock is owned by institutional investors and hedge funds.

About Sandvik AB (publ)

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.