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

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,000 shares, a decline of 95.5% from the March 15th total of 44,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is presently 0.0 days.

Sandvik AB (publ) Stock Performance

Shares of OTCMKTS:SDVKY traded up $0.06 during trading on Wednesday, hitting $19.20. 79,247 shares of the stock traded hands, compared to its average volume of 91,564. The company has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $20.13. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. Sandvik AB has a 52-week low of $16.94 and a 52-week high of $23.47. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.00 and a beta of 1.48.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. As a group, equities analysts predict that Sandvik AB will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

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 equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers grew its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,707 shares of the industrial products company’s stock after buying an additional 3,607 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 as of its most recent filing with the Securities & Exchange Commission. 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.