Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Up 7,200.0% in November

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 7,300 shares, an increase of 7,200.0% from the October 31st total of 100 shares. Based on an average daily volume of 208,100 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC raised its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the industrial products company’s stock after buying an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

SDVKY has been the subject of a number of recent analyst reports. UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

Sandvik AB (publ) Price Performance

Shares of SDVKY stock traded down $0.20 during trading hours on Wednesday, reaching $18.18. The company’s stock had a trading volume of 117,417 shares, compared to its average volume of 103,799. Sandvik AB has a fifty-two week low of $18.09 and a fifty-two week high of $23.50. The firm’s 50 day simple moving average is $20.16 and its 200-day simple moving average is $20.45. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.49 and a beta of 1.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. Sell-side analysts forecast that Sandvik AB will post 1.04 earnings per share for the current year.

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.