AB SKF (OTCMKTS:SKFRY) Sees Large Drop in Short Interest

AB SKF (OTCMKTS:SKFRY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,565 shares, a decrease of 36.0% from the September 15th total of 25,878 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 42,135 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

AB SKF Price Performance

OTCMKTS:SKFRY opened at $27.02 on Friday. AB SKF has a 52 week low of $22.26 and a 52 week high of $29.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. The firm’s 50-day simple moving average is $27.70 and its 200 day simple moving average is $26.50. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.82 and a beta of 1.19.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. As a group, sell-side analysts predict that AB SKF will post 1.79 earnings per share for the current year.

About AB SKF

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.