Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 200 shares, a drop of 97.3% from the November 15th total of 7,300 shares. Based on an average daily volume of 229,700 shares, the days-to-cover ratio is presently 0.0 days.

Sandvik AB (publ) Price Performance

Shares of Sandvik AB (publ) stock remained flat at $18.92 during trading on Friday. The stock had a trading volume of 77,090 shares, compared to its average volume of 104,343. The firm’s fifty day simple moving average is $19.54 and its two-hundred day simple moving average is $20.23. Sandvik AB has a twelve month low of $18.09 and a twelve month high of $23.50. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. As a group, research analysts forecast that Sandvik AB will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers lifted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,045 shares of the industrial products company’s stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 as of its most recent filing with the SEC. 0.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SDVKY. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group cut Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. Finally, 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.

Sandvik AB (publ) Company Profile

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.