Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Down 99.4% in October

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 99.4% from the October 15th total of 16,600 shares. Based on an average daily volume of 188,500 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

SDVKY has been the topic of a number of research reports. UBS Group lowered shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup upgraded Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th.

Sandvik AB (publ) Stock Down 1.3 %

Shares of OTCMKTS SDVKY opened at $18.30 on Thursday. Sandvik AB has a 12-month low of $18.09 and a 12-month high of $23.50. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The stock has a market cap of $22.96 billion, a PE ratio of 19.68, a P/E/G ratio of 2.99 and a beta of 1.50. The company has a 50-day moving average of $20.43 and a 200 day moving average of $20.60.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.56% and a net margin of 9.93%. As a group, sell-side analysts predict that Sandvik AB will post 1.23 EPS for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers raised its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 11.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,045 shares of the industrial products company’s stock after purchasing an additional 2,750 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.74% of the company’s stock.

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.