Short Interest in AB SKF (OTCMKTS:SKFRY) Declines By 83.1%

AB SKF (OTCMKTS:SKFRY) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,054 shares, a drop of 83.1% from the May 14th total of 29,922 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 37,846 shares, the short-interest ratio is currently 0.1 days.

AB SKF Price Performance

OTCMKTS SKFRY traded up $0.06 during trading hours on Thursday, reaching $24.81. The company’s stock had a trading volume of 50,754 shares, compared to its average volume of 18,793. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. AB SKF has a 1 year low of $21.37 and a 1 year high of $29.41. The firm’s 50-day moving average price is $25.45 and its 200-day moving average price is $26.19. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a return on equity of 13.63% and a net margin of 4.23%.The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.44 billion. On average, equities research analysts predict that AB SKF will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, AB SKF has an average rating of “Reduce”.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.