Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 6,500 shares, an increase of 62.5% from the June 30th total of 4,000 shares. Based on an average daily volume of 251,600 shares, the short-interest ratio is presently 0.0 days.
Analyst Ratings Changes
Separately, DNB Markets upgraded shares of Sandvik AB (publ) from a “hold” rating to a “buy” rating in a report on Thursday, June 13th.
Get Our Latest Stock Report on Sandvik AB (publ)
Sandvik AB (publ) Stock Performance
Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) last announced its earnings results on Friday, July 19th. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $2.94 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.72% and a net margin of 10.36%. Analysts expect that Sandvik AB will post 1.25 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC raised its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) by 46.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,314 shares of the industrial products company’s stock after purchasing an additional 1,375 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $96,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.74% of the company’s stock.
Sandvik AB (publ) Company Profile
Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.
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