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

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

AB SKF Price Performance

Shares of AB SKF stock traded down $0.66 during trading on Friday, reaching $25.36. 3,278 shares of the company’s stock were exchanged, compared to its average volume of 19,342. 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 1-year low of $22.26 and a 1-year high of $29.41. The company has a market cap of $11.55 billion, a P/E ratio of 28.82, a PEG ratio of 1.97 and a beta of 1.18. The firm’s 50-day moving average price is $25.63 and its 200 day moving average price is $26.16.

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