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

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decrease of 93.5% from the March 31st total of 7,700 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is presently 0.0 days.

AB SKF (publ) Stock Performance

Shares of SKFRY stock traded up $0.39 on Friday, hitting $20.71. 8,869 shares of the stock traded hands, compared to its average volume of 9,693. The company has a market capitalization of $9.43 billion, a PE ratio of 11.96, a PEG ratio of 0.55 and a beta of 1.34. The company’s fifty day moving average is $21.31 and its 200 day moving average is $19.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.20 and a quick ratio of 1.31. AB SKF has a 1-year low of $15.39 and a 1-year high of $22.95.

AB SKF (publ) (OTCMKTS:SKFRY) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $2.30 billion during the quarter. AB SKF (publ) had a net margin of 6.17% and a return on equity of 14.69%. On average, equities research analysts predict that AB SKF will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised AB SKF (publ) from a “sell” rating to a “buy” rating in a research report on Friday, February 23rd.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.