Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Down 49.3% in May

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 7,200 shares, a drop of 49.3% from the May 15th total of 14,200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 65,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 88.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,546 shares of the industrial products company’s stock after acquiring an additional 2,610 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $117,000 as of its most recent SEC filing. Institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) Stock Down 2.1%

OTCMKTS SDVKY traded down $0.47 on Friday, hitting $21.99. 36,456 shares of the stock were exchanged, compared to its average volume of 71,384. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. Sandvik AB has a fifty-two week low of $16.94 and a fifty-two week high of $23.47. The company has a market cap of $27.58 billion, a PE ratio of 23.65, a PEG ratio of 1.00 and a beta of 1.53. The company has a 50-day moving average price of $21.10 and a 200-day moving average price of $20.60.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Sandvik AB (publ) had a return on equity of 16.07% and a net margin of 9.92%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $30.25 billion. Sell-side analysts anticipate that Sandvik AB will post 1.27 EPS for the current fiscal year.

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.