AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Down 78.5% in August

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,900 shares, a decrease of 78.5% from the August 15th total of 13,500 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 0.1 days.

Shares of OTCMKTS:SKFRY traded up $0.08 on Wednesday, hitting $24.46. The company’s stock had a trading volume of 71,647 shares, compared to its average volume of 12,644. The company has a 50-day simple moving average of $25.63 and a 200 day simple moving average of $26.91. AB SKF has a 1 year low of $19.19 and a 1 year high of $30.50. The company has a market capitalization of $11.14 billion, a PE ratio of 14.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.33 and a quick ratio of 1.48.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings data on Tuesday, July 20th. The industrial products company reported $0.61 EPS for the quarter. The firm had revenue of $2.46 billion for the quarter. AB SKF (publ) had a return on equity of 20.79% and a net margin of 8.38%. On average, equities research analysts expect that AB SKF will post 1.93 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on SKFRY. Morgan Stanley cut AB SKF (publ) from an “equal weight” rating to an “underweight” rating in a report on Wednesday, May 19th. Jefferies Financial Group raised AB SKF (publ) from an “underperform” rating to a “hold” rating in a report on Friday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of AB SKF (publ) in a report on Wednesday, July 21st. Zacks Investment Research cut AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Wednesday, August 4th. Finally, Barclays reaffirmed an “underweight” rating on shares of AB SKF (publ) in a report on Tuesday, August 3rd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.08.

About AB SKF (publ)

SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace.

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