AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRY) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 34,400 shares, a decrease of 22.3% from the October 31st total of 44,300 shares. Based on an average daily volume of 73,300 shares, the short-interest ratio is presently 0.5 days.

AB SKF (publ) Stock Up 2.3 %

SKFRY stock opened at $19.26 on Friday. The business’s 50-day moving average is $19.09 and its two-hundred day moving average is $19.45. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 11.46 and a beta of 1.23. AB SKF has a fifty-two week low of $17.15 and a fifty-two week high of $22.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%. The firm had revenue of $2.27 billion for the quarter.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of AB SKF (publ) to a “hold” rating in a report on Friday, October 11th.

AB SKF (publ) Company Profile

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.