AB SKF (publ) (OTCMKTS:SKFRY) Sees Significant Decrease in Short Interest

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 5,600 shares, a decrease of 29.1% from the May 31st total of 7,900 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is presently 0.3 days.

AB SKF (publ) Stock Up 0.5 %

Shares of AB SKF (publ) stock traded up $0.11 during trading on Friday, hitting $20.13. 7,104 shares of the stock traded hands, compared to its average volume of 7,491. The company has a current ratio of 2.20, a quick ratio of 1.31 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $21.21 and its 200 day simple moving average is $20.75. The firm has a market cap of $9.17 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. AB SKF has a 52-week low of $15.39 and a 52-week high of $22.95.

AB SKF (publ) (OTCMKTS:SKFRY) last issued its earnings results on Friday, April 26th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. AB SKF (publ) had a net margin of 6.10% and a return on equity of 14.47%. The company had revenue of $2.38 billion for the quarter. On average, equities analysts predict that AB SKF will post 1.57 earnings per share for the current fiscal year.

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.