Short Interest in Sandvik AB (OTCMKTS:SDVKY) Expands By 712.7%

Sandvik AB (OTCMKTS:SDVKY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 307,709 shares, a growth of 712.7% from the December 31st total of 37,864 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 445,865 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 445,865 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDVKY. GAMMA Investing LLC grew its holdings in Sandvik by 17.5% during the fourth quarter. GAMMA Investing LLC now owns 8,704 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 1,298 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Sandvik by 3,795.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 3,030 shares during the last quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik Price Performance

Shares of OTCMKTS:SDVKY traded up $1.50 during trading on Tuesday, reaching $39.41. The company had a trading volume of 185,402 shares, compared to its average volume of 198,425. The firm’s fifty day moving average is $32.69 and its 200 day moving average is $29.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.78. The firm has a market capitalization of $49.44 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.50. Sandvik has a twelve month low of $16.94 and a twelve month high of $39.50.

Sandvik (OTCMKTS:SDVKY) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Sandvik had a return on equity of 16.30% and a net margin of 12.24%. On average, equities analysts forecast that Sandvik will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SDVKY shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Sandvik in a report on Wednesday, October 22nd. Barclays restated an “overweight” rating on shares of Sandvik in a research report on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Sandvik in a report on Monday, January 12th. Pareto Securities lowered Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Finally, Jefferies Financial Group cut Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.