AB SKF (publ) (OTCMKTS:SKUFF) Sees Large Increase in Short Interest

AB SKF (publ) (OTCMKTS:SKUFF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,997,000 shares, an increase of 46.5% from the May 31st total of 2,045,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 29,970.0 days.

AB SKF (publ) Price Performance

Shares of OTCMKTS:SKUFF remained flat at $21.85 during midday trading on Friday. The business has a 50-day simple moving average of $21.52 and a two-hundred day simple moving average of $20.69. AB SKF has a 1 year low of $15.85 and a 1 year high of $22.60.

About AB SKF (publ)

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.