Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Drops By 61.1%

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 8,400 shares, a decline of 61.1% from the August 31st total of 21,600 shares. Based on an average trading volume of 71,600 shares, the days-to-cover ratio is presently 0.1 days.

AB SKF (publ) Price Performance

Shares of SKFRY traded up $0.63 on Friday, hitting $20.12. The company’s stock had a trading volume of 8,107 shares, compared to its average volume of 24,967. AB SKF has a fifty-two week low of $15.39 and a fifty-two week high of $22.95. The company has a 50 day moving average price of $18.49 and a 200 day moving average price of $20.18. The company has a market capitalization of $9.16 billion, a PE ratio of 15.48, a PEG ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. AB SKF (publ) had a net margin of 5.68% and a return on equity of 14.24%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.44 billion. On average, research analysts anticipate that AB SKF will post 1.54 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.