AB SKF (OTCMKTS:SKFRY) Sees Significant Increase in Short Interest

AB SKF (OTCMKTS:SKFRY – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 27,904 shares, an increase of 452.1% from the May 31st total of 5,054 shares. Based on an average daily trading volume, of 40,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SKFRY. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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AB SKF Price Performance

Shares of SKFRY stock traded down $0.66 during trading on Friday, hitting $25.36. The company had a trading volume of 3,278 shares, compared to its average volume of 19,342. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a market capitalization of $11.55 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The stock’s 50-day moving average price is $25.63 and its 200 day moving average price is $26.16. AB SKF has a one year low of $22.26 and a one year high of $29.41.

AB SKF (OTCMKTS:SKFRY – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a return on equity of 13.63% and a net margin of 4.23%. Equities analysts expect that AB SKF will post 1.8 EPS for the current fiscal year.

About AB SKF

(Get Free Report)

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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