Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Drops By 61.1%

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 8,400 shares, a drop of 61.1% from the August 31st total of 21,600 shares. Based on an average daily trading volume, of 71,600 shares, the days-to-cover ratio is currently 0.1 days.

AB SKF (publ) Price Performance

Shares of AB SKF (publ) stock traded up $0.63 on Friday, hitting $20.12. 8,107 shares of the company traded hands, compared to its average volume of 24,967. The company has a current ratio of 2.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.33. AB SKF has a 12-month low of $15.39 and a 12-month high of $22.95. The firm’s 50-day simple moving average is $18.49 and its 200 day simple moving average is $20.18. The company has a market cap of $9.16 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.21 and a beta of 1.22.

AB SKF (publ) (OTCMKTS:SKFRY) last released its earnings results on Thursday, July 18th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF (publ) had a net margin of 5.68% and a return on equity of 14.24%. Analysts expect that AB SKF will post 1.54 earnings per share for the current fiscal year.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.