Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 44,300 shares, a growth of 199.3% from the February 28th total of 14,800 shares. Based on an average daily volume of 264,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers grew its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,707 shares of the industrial products company’s stock after purchasing an additional 3,607 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent quarter. 0.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Sandvik AB (publ) Stock Down 2.5 %

Sandvik AB (publ) stock opened at $21.87 on Friday. The business’s 50-day simple moving average is $21.83 and its two-hundred day simple moving average is $20.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79. The company has a market cap of $27.43 billion, a PE ratio of 23.52, a PEG ratio of 1.00 and a beta of 1.48. Sandvik AB has a fifty-two week low of $17.76 and a fifty-two week high of $23.47.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings results on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. Equities analysts anticipate that Sandvik AB will post 1.27 EPS for the current year.

Sandvik AB (publ) Company Profile

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.