Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Expands By 62.5%

Sandvik AB (publ) (OTCMKTS:SDVKY) 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.

Sandvik AB (publ) Stock Performance

SDVKY traded up $0.16 during trading on Friday, hitting $20.17. The stock had a trading volume of 60,536 shares, compared to its average volume of 112,867. The firm has a market cap of $25.30 billion, a PE ratio of 17.85, a P/E/G ratio of 2.34 and a beta of 1.49. Sandvik AB has a 12 month low of $16.31 and a 12 month high of $23.50. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $20.83 and a 200-day simple moving average of $21.34.

Sandvik AB (publ) (OTCMKTS:SDVKY) 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) 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.