AB SKF (OTCMKTS:SKFRY) Short Interest Update

AB SKF (OTCMKTS:SKFRY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 25,878 shares, a growth of 61.3% from the August 31st total of 16,048 shares. Based on an average daily trading volume, of 33,508 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

AB SKF Trading Down 0.2%

Shares of OTCMKTS SKFRY traded down $0.06 during midday trading on Wednesday, hitting $27.07. 1,325 shares of the company traded hands, compared to its average volume of 18,490. AB SKF has a 12-month low of $22.26 and a 12-month high of $29.42. The firm has a market cap of $12.33 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.81 and a beta of 1.19. The stock has a 50-day moving average price of $27.65 and a 200 day moving average price of $26.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. As a group, analysts expect that AB SKF will post 1.79 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

About AB SKF

AB SKF is a Swedish industrial technology company that designs and manufactures products and solutions for rotating equipment. Its offerings include bearings, seals, lubrication systems, condition-monitoring technologies, and related maintenance and engineering services. These products help customers improve equipment reliability, efficiency, and operating performance.

SKF serves a broad range of industries, including automotive, aerospace, energy, industrial manufacturing, mining, rail, and marine.