AB SKF (OTCMKTS:SKFRY – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,970 shares, a decrease of 55.7% from the July 30th total of 47,346 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 24,539 shares, the short-interest ratio is presently 0.9 days.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
View Our Latest Research Report on AB SKF
AB SKF Price Performance
AB SKF (OTCMKTS:SKFRY – Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $2.40 billion for 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%. Sell-side analysts anticipate that AB SKF will post 1.81 earnings per share for the current year.
About AB SKF
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.
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