AB SKF (OTCMKTS:SKFRY) Short Interest Down 55.7% in August

AB SKF (OTCMKTS:SKFRY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 20,970 shares, a decline of 55.7% from the July 30th total of 47,346 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 24,539 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AB SKF currently has a consensus rating of “Hold”.

AB SKF Trading Down 0.5%

Shares of OTCMKTS:SKFRY opened at $28.92 on Friday. The company’s 50-day moving average price is $26.98 and its two-hundred day moving average price is $26.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.19 and a quick ratio of 1.30. AB SKF has a one year low of $22.26 and a one year high of $29.42. The stock has a market capitalization of $13.17 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. On average, equities analysts forecast that AB SKF will post 1.81 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.