AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Down 29.1% in June

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 5,600 shares, a drop of 29.1% from the May 31st total of 7,900 shares. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is presently 0.3 days.

AB SKF (publ) Trading Up 0.5 %

OTCMKTS:SKFRY traded up $0.11 during trading hours on Friday, reaching $20.13. The company’s stock had a trading volume of 7,104 shares, compared to its average volume of 7,491. The firm has a 50-day simple moving average of $21.21 and a 200-day simple moving average of $20.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.31 and a current ratio of 2.20. AB SKF has a 1 year low of $15.39 and a 1 year high of $22.95. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.89 and a beta of 1.28.

AB SKF (publ) (OTCMKTS:SKFRY) last released its earnings results on Friday, April 26th. The industrial products company reported $0.46 earnings per share for the quarter. AB SKF (publ) had a return on equity of 14.47% and a net margin of 6.10%. The company had revenue of $2.38 billion during the quarter. Research analysts expect that AB SKF will post 1.57 EPS 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.