Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Grows By 1,400.0%

Sandvik AB (publ) (OTCMKTS:SDVKY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,000 shares, an increase of 1,400.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 174,400 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC grew its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the industrial products company’s stock after purchasing an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. Institutional investors own 0.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

Sandvik AB (publ) Price Performance

Sandvik AB (publ) stock traded down $0.23 during midday trading on Friday, reaching $18.13. 130,388 shares of the company were exchanged, compared to its average volume of 105,152. The firm’s 50-day simple moving average is $19.00 and its 200-day simple moving average is $19.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 3.25 and a beta of 1.47. Sandvik AB has a 1 year low of $17.76 and a 1 year high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its earnings results on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. The firm had revenue of $2.91 billion during the quarter. On average, analysts anticipate that Sandvik AB will post 1.02 EPS for the current year.

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.