AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Up 173.8% in September

AB SKF (publ) (OTCMKTS:SKFRY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 23,000 shares, an increase of 173.8% from the September 15th total of 8,400 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 0.9 days.

AB SKF (publ) Trading Up 1.3 %

Shares of OTCMKTS SKFRY traded up $0.24 during midday trading on Friday, reaching $19.05. 7,571 shares of the stock were exchanged, compared to its average volume of 12,061. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The business has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $19.95. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.17 and a beta of 1.23. AB SKF has a 12 month low of $15.39 and a 12 month high of $22.95.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF (publ) had a return on equity of 14.24% and a net margin of 5.68%. As a group, equities research analysts expect that AB SKF will post 1.54 EPS for the current year.

About AB SKF (publ)

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.