AB SKF (publ) (OTCMKTS:SKUFF) Sees Large Increase in Short Interest

AB SKF (publ) (OTCMKTS:SKUFF) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,766,900 shares, an increase of 61.0% from the March 31st total of 1,097,200 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 453.1 days.

AB SKF (publ) Price Performance

SKUFF remained flat at $20.55 on Friday. The company had a trading volume of 12 shares, compared to its average volume of 4,155. The business has a 50 day moving average of $21.26 and a two-hundred day moving average of $19.10. AB SKF has a 1 year low of $15.85 and a 1 year high of $22.60.

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.