Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (OTCMKTS:SDVKY) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 9,108 shares, a drop of 74.4% from the January 29th total of 35,647 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 273,522 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 273,522 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC lifted its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik Price Performance

OTCMKTS SDVKY opened at $44.19 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.94. The stock has a market cap of $55.43 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 1.86 and a beta of 1.51. The business has a 50 day simple moving average of $37.43 and a 200 day simple moving average of $31.59. Sandvik has a 52-week low of $16.94 and a 52-week high of $44.21.

Sandvik (OTCMKTS:SDVKY) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.38 billion. Sandvik had a return on equity of 16.94% and a net margin of 12.16%. Analysts anticipate that Sandvik will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SDVKY has been the subject of several recent research reports. Barclays reissued an “overweight” rating on shares of Sandvik in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, January 12th. Jefferies Financial Group cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research report on Monday, December 8th. Finally, Zacks Research downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sandvik presently has an average rating of “Moderate Buy”.

About Sandvik

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.