AB SKF (OTCMKTS:SKFRY) Short Interest Up 62.6% in July

AB SKF (OTCMKTS:SKFRY) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 47,346 shares, an increase of 62.6% from the July 15th total of 29,127 shares. Based on an average daily volume of 35,284 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the company’s stock are sold short.

AB SKF Stock Up 1.1%

Shares of SKFRY traded up $0.30 on Monday, reaching $27.90. The company’s stock had a trading volume of 5,204 shares, compared to its average volume of 18,908. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.41. The stock has a market capitalization of $12.70 billion, a PE ratio of 26.32, a PEG ratio of 1.90 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $26.48 and a 200-day moving average of $26.14.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 13.27% and a net margin of 5.05%. Equities analysts predict that AB SKF will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

SKFRY has been the subject of several research reports. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.