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

Sandvik AB (publ) (OTCMKTS:SDVKY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 57,800 shares, an increase of 1,826.7% from the December 15th total of 3,000 shares. Based on an average daily volume of 253,100 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC grew its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the industrial products company’s stock after acquiring 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. 0.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SDVKY shares. UBS Group cut shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research report on Monday, January 6th. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Stock Up 2.5 %

Shares of OTCMKTS:SDVKY traded up $0.46 during mid-day trading on Wednesday, hitting $18.52. 83,091 shares of the company traded hands, compared to its average volume of 156,628. The firm’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $19.75. The firm has a market cap of $23.22 billion, a P/E ratio of 19.91, a PEG ratio of 3.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. Sandvik AB has a 52-week low of $17.76 and a 52-week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The firm had revenue of $2.91 billion for the quarter. On average, equities analysts anticipate that Sandvik AB will post 1.02 EPS 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.