Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 5,600 shares, an increase of 5,500.0% from the May 31st total of 100 shares. Based on an average daily trading volume, of 68,400 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, DNB Markets upgraded shares of Sandvik AB (publ) from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th.

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently bought a new stake in Sandvik AB (publ) stock. GAMMA Investing LLC acquired a new stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,939 shares of the industrial products company’s stock, valued at approximately $61,000. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) Trading Up 0.6 %

Shares of Sandvik AB (publ) stock traded up $0.12 during trading on Friday, reaching $20.06. 71,516 shares of the stock were exchanged, compared to its average volume of 165,450. Sandvik AB has a 1 year low of $16.31 and a 1 year high of $23.50. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.48 and a beta of 1.54. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $21.14 and its 200 day moving average is $21.49.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.16. Sandvik AB (publ) had a return on equity of 17.16% and a net margin of 10.18%. The business had revenue of $2.79 billion during the quarter. As a group, equities research analysts expect that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Sandvik AB (publ) Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.