AB SKF (OTCMKTS:SKFRY) Stock Short Interest Jumps 186.1%

AB SKF (OTCMKTS:SKFRY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 47,386 shares, an increase of 186.1% from the September 30th total of 16,565 shares. Based on an average daily trading volume, of 35,492 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company’s shares are short sold.

AB SKF Price Performance

Shares of SKFRY stock opened at $28.14 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. AB SKF has a fifty-two week low of $22.26 and a fifty-two week high of $29.42. The firm has a market cap of $12.81 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.96 and a beta of 1.19. The business’s 50 day moving average price is $27.66 and its 200-day moving average price is $26.60.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $2.35 billion. AB SKF had a net margin of 5.66% and a return on equity of 12.96%. On average, equities research analysts anticipate that AB SKF will post 1.77 earnings per share for the current year.

AB SKF Company Profile

AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.

SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.

Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.