AB SKF (OTCMKTS:SKFRY) Short Interest Up 452.1% in June

AB SKF (OTCMKTS:SKFRY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 27,904 shares, an increase of 452.1% from the May 31st total of 5,054 shares. Based on an average trading volume of 40,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts have recently weighed in on SKFRY shares. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

AB SKF Trading Down 2.5%

SKFRY stock traded down $0.65 on Friday, reaching $25.37. The company’s stock had a trading volume of 11,528 shares, compared to its average volume of 19,137. The business has a fifty day simple moving average of $25.61 and a two-hundred day simple moving average of $26.16. The firm has a market cap of $11.55 billion, a PE ratio of 28.83, a PEG ratio of 2.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. AB SKF has a 12-month low of $22.26 and a 12-month high of $29.41.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, research analysts forecast that AB SKF will post 1.8 EPS for the current year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.