AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 34,400 shares, a decline of 22.3% from the October 31st total of 44,300 shares. Based on an average daily volume of 73,300 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded AB SKF (publ) to a “hold” rating in a research note on Friday, October 11th.

AB SKF (publ) Price Performance

SKFRY stock traded up $0.44 during midday trading on Friday, reaching $19.26. The company had a trading volume of 11,010 shares, compared to its average volume of 16,477. AB SKF has a 1-year low of $17.15 and a 1-year high of $22.95. The stock has a 50 day moving average price of $19.09 and a 200-day moving average price of $19.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 16.46 and a beta of 1.23.

AB SKF (publ) (OTCMKTS:SKFRY) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $2.27 billion during the quarter. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%.

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.