AB SKF (OTCMKTS:SKFRY) Short Interest Update

AB SKF (OTCMKTS:SKFRY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 25,700 shares, a growth of 68.0% from the September 30th total of 15,300 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised AB SKF from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

AB SKF Stock Down 1.8%

SKFRY opened at $25.83 on Monday. The stock has a market cap of $11.76 billion, a PE ratio of 24.84, a P/E/G ratio of 2.02 and a beta of 1.19. The business’s fifty day simple moving average is $25.43 and its 200 day simple moving average is $23.42. The company has a quick ratio of 1.13, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. AB SKF has a 52 week low of $15.86 and a 52 week high of $27.59.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a return on equity of 14.37% and a net margin of 5.07%.The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, research analysts expect that AB SKF will post 1.51 earnings per share for the current fiscal year.

About AB SKF

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.