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

AB SKF (OTCMKTS:SKFRY) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 47,386 shares, an increase of 186.1% from the September 30th total of 16,565 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 35,492 shares, the short-interest ratio is presently 1.3 days.

AB SKF Price Performance

Shares of OTCMKTS SKFRY opened at $27.98 on Friday. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.42. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $27.69 and a two-hundred day moving average of $26.61. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 3.09 and a beta of 1.19.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. AB SKF had a net margin of 5.66% and a return on equity of 12.96%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $2.35 billion. As a group, analysts expect that AB SKF will post 1.77 earnings per share for the current fiscal year.

AB SKF Company Profile

AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.

SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.

Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.