Sandvik AB (OTCMKTS:SDVKY) Sees Significant Drop in Short Interest

Posted by Francis Steltz on Jun 27th, 2026

Sandvik AB (OTCMKTS:SDVKY – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,552 shares, a drop of 94.2% from the May 31st total of 26,737 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 236,656 shares, the days-to-cover ratio is currently 0.0 days.

Sandvik Stock Performance

Shares of OTCMKTS SDVKY traded down $1.21 during mid-day trading on Friday, hitting $39.46. The company had a trading volume of 808,506 shares, compared to its average volume of 140,132. The stock has a market cap of $49.50 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.29 and a beta of 1.50. Sandvik has a 12 month low of $22.68 and a 12 month high of $44.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.96 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $40.87 and its two-hundred day simple moving average is $38.91.

Sandvik (OTCMKTS:SDVKY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 16.92% and a net margin of 12.16%. As a group, equities research analysts forecast that Sandvik will post 1.69 earnings per share for the current year.

Institutional Trading of Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC boosted its position in Sandvik AB (OTCMKTS:SDVKY – Free Report) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,704 shares of the industrial products company’s stock after purchasing an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 at the end of the most recent quarter. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SDVKY shares. Zacks Research lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. The Goldman Sachs Group reiterated a “sell” rating on shares of Sandvik in a research note on Thursday, April 9th. Nordea Equity Research raised shares of Sandvik to a “hold” rating in a report on Wednesday, April 15th. Citigroup downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on SDVKY

About Sandvik

(Get Free Report)

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.