AB SKF (OTCMKTS:SKFRY) Sees Significant Growth in Short Interest

AB SKF (OTCMKTS:SKFRY – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 25,878 shares, an increase of 61.3% from the August 31st total of 16,048 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 33,508 shares, the short-interest ratio is presently 0.8 days.

AB SKF Price Performance

Shares of SKFRY opened at $26.92 on Thursday. The business’s fifty day moving average is $27.66 and its 200 day moving average is $26.20. AB SKF has a 12-month low of $22.26 and a 12-month high of $29.42. The company has a quick ratio of 1.30, a current ratio of 2.19 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.26 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.80 and a beta of 1.19.

AB SKF (OTCMKTS:SKFRY – Get Free Report) last released its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The firm had revenue of $2.40 billion for 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%. Sell-side analysts anticipate that AB SKF will post 1.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on SKFRY

AB SKF Company Profile

(Get Free Report)

AB SKF is a Swedish industrial technology company that designs and manufactures products and solutions for rotating equipment. Its offerings include bearings, seals, lubrication systems, condition-monitoring technologies, and related maintenance and engineering services. These products help customers improve equipment reliability, efficiency, and operating performance.

SKF serves a broad range of industries, including automotive, aerospace, energy, industrial manufacturing, mining, rail, and marine.

Further Reading

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