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

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 41,300 shares, an increase of 215.3% from the January 31st total of 13,100 shares. Based on an average daily volume of 74,300 shares, the days-to-cover ratio is currently 0.6 days.

Sandvik AB (publ) Stock Performance

Shares of OTCMKTS SDVKY traded down $0.48 during trading on Friday, hitting $21.57. The company had a trading volume of 21,956 shares, compared to its average volume of 71,417. The stock has a 50 day simple moving average of $20.01 and a 200 day simple moving average of $19.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79. Sandvik AB has a 12 month low of $17.76 and a 12 month high of $23.50. The firm has a market capitalization of $27.06 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.46.

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

Analysts Set New Price Targets

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

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers increased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% in the 4th quarter, according to its most recent Form 13F 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 quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.74% of the company’s stock.

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.