Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 20,500 shares, a decline of 27.3% from the August 15th total of 28,200 shares. Based on an average daily volume of 48,800 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of Sandvik AB (publ)
An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers lifted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,045 shares of the industrial products company’s stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.74% of the company’s stock.
Sandvik AB (publ) Price Performance
Shares of OTCMKTS:SDVKY opened at $20.10 on Friday. Sandvik AB has a twelve month low of $16.31 and a twelve month high of $23.50. 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 firm has a market capitalization of $25.21 billion, a PE ratio of 20.94, a P/E/G ratio of 2.28 and a beta of 1.49. The company has a 50-day moving average price of $20.15 and a two-hundred day moving average price of $21.17.
Analysts Set New Price Targets
Separately, DNB Markets raised Sandvik AB (publ) from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th.
View Our Latest Analysis on SDVKY
About Sandvik AB (publ)
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.
Further Reading
- Five stocks we like better than Sandvik AB (publ)
- What Are Dividend Contenders? Investing in Dividend Contenders
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- What is Put Option Volume?
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- 10 Best Airline Stocks to Buy
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Sandvik AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandvik AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.