AB SKF (OTCMKTS:SKFRY) Short Interest Down 55.7% in August

AB SKF (OTCMKTS:SKFRY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 20,970 shares, a drop of 55.7% from the July 30th total of 47,346 shares. Based on an average daily trading volume, of 24,539 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AB SKF currently has a consensus rating of “Hold”.

AB SKF Stock Down 0.5%

AB SKF stock opened at $28.92 on Friday. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.42. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $26.98 and a two-hundred day moving average of $26.19. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.00 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. As a group, research analysts expect that AB SKF will post 1.81 earnings per share for the current year.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.