Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Expands By 7,200.0%

Sandvik AB (publ) (OTCMKTS:SDVKY) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, an increase of 7,200.0% from the October 31st total of 100 shares. Based on an average daily volume of 208,100 shares, the short-interest ratio is presently 0.0 days.

Sandvik AB (publ) Trading Up 0.7 %

Shares of SDVKY stock opened at $18.30 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.49 and a beta of 1.50. Sandvik AB has a 12-month low of $18.09 and a 12-month high of $23.50. The stock’s 50-day moving average price is $20.12 and its 200-day moving average price is $20.43.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The business had revenue of $2.91 billion during the quarter. Equities research analysts predict that Sandvik AB will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SDVKY shares. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC raised its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,425 shares of the industrial products company’s stock after acquiring an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.74% of the company’s stock.

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.