Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Expands By 7,200.0%

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,300 shares, an increase of 7,200.0% from the October 31st total of 100 shares. Based on an average daily volume of 208,100 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

SDVKY has been the topic of several analyst reports. UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,425 shares of the industrial products company’s stock after buying 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 filing with the SEC. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik AB (publ) Stock Performance

OTCMKTS SDVKY traded down $0.20 during trading on Wednesday, hitting $18.18. The company’s stock had a trading volume of 117,417 shares, compared to its average volume of 103,799. The firm has a 50 day moving average price of $20.16 and a 200 day moving average price of $20.45. The firm has a market cap of $22.80 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 3.49 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. Sandvik AB has a 52 week low of $18.09 and a 52 week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The business had revenue of $2.91 billion for the quarter. Equities research analysts forecast that Sandvik AB will post 1.04 earnings per share for the current fiscal 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.