AB SKF (OTCMKTS:SKFRY – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 25,878 shares, an increase of 61.3% from the August 31st total of 16,048 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 33,508 shares, the days-to-cover ratio is presently 0.8 days.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Read Our Latest Report on AB SKF
AB SKF Stock Down 0.2%
AB SKF (OTCMKTS:SKFRY – Get Free Report) last issued its earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.14. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. Equities analysts predict that AB SKF will post 1.79 EPS for the current fiscal year.
About AB SKF
AB SKF is a Swedish industrial technology company that designs and manufactures products and solutions for rotating equipment. Its offerings include bearings, seals, lubrication systems, condition-monitoring technologies, and related maintenance and engineering services. These products help customers improve equipment reliability, efficiency, and operating performance.
SKF serves a broad range of industries, including automotive, aerospace, energy, industrial manufacturing, mining, rail, and marine.
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