AB SKF (publ) (OTCMKTS:SKFRY) Sees Significant Increase in Short Interest

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 15,600 shares, a growth of 57.6% from the January 31st total of 9,900 shares. Based on an average daily volume of 36,300 shares, the short-interest ratio is currently 0.4 days.

AB SKF (publ) Trading Up 0.8 %

OTCMKTS:SKFRY traded up $0.17 during mid-day trading on Friday, reaching $21.51. 12,887 shares of the company’s stock traded hands, compared to its average volume of 17,387. The company has a 50 day moving average price of $20.11 and a 200-day moving average price of $19.42. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.24 and a beta of 1.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.01 and a quick ratio of 1.13. AB SKF has a 12-month low of $17.15 and a 12-month high of $22.95.

AB SKF (publ) (OTCMKTS:SKFRY) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. On average, sell-side analysts predict that AB SKF will post 1.51 earnings per share for the current 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.