AB SKF (OTCMKTS:SKFRY) Short Interest Down 83.1% in May

AB SKF (OTCMKTS:SKFRY) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,054 shares, a decrease of 83.1% from the May 14th total of 29,922 shares. Based on an average daily volume of 37,846 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

AB SKF Stock Down 0.4%

OTCMKTS SKFRY traded down $0.10 on Friday, hitting $25.45. 3,103 shares of the stock were exchanged, compared to its average volume of 19,310. AB SKF has a fifty-two week low of $21.37 and a fifty-two week high of $29.41. The company has a 50-day moving average price of $25.48 and a 200-day moving average price of $26.20. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.59 billion, a PE ratio of 28.92, a PEG ratio of 1.91 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.44 billion. AB SKF had a return on equity of 13.63% and a net margin of 4.23%. Sell-side analysts anticipate that AB SKF will post 1.81 EPS for the current fiscal year.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.