AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Down 93.5% in April

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient 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 trading volume of 22,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

AB SKF (publ) Price Performance

Shares of AB SKF (publ) stock traded up $0.39 during trading on Friday, reaching $20.71. 8,869 shares of the stock traded hands, compared to its average volume of 9,693. AB SKF has a 52-week low of $15.39 and a 52-week high of $22.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.20 and a quick ratio of 1.31. The business has a fifty day simple moving average of $21.31 and a two-hundred day simple moving average of $19.49. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.55 and a beta of 1.34.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $2.30 billion for the quarter. AB SKF (publ) had a net margin of 6.17% and a return on equity of 14.69%. Sell-side analysts expect that AB SKF will post 1.48 EPS for the current year.

About AB SKF (publ)

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.