AB SKF (OTCMKTS:SKFRY) Sees Large Growth in Short Interest

AB SKF (OTCMKTS:SKFRY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 47,346 shares, an increase of 62.6% from the July 15th total of 29,127 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 35,284 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

SKFRY has been the topic of several analyst reports. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AB SKF has an average rating of “Hold”.

AB SKF Price Performance

OTCMKTS:SKFRY opened at $27.84 on Tuesday. AB SKF has a 52 week low of $22.26 and a 52 week high of $29.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. The firm’s 50-day simple moving average is $26.51 and its 200 day simple moving average is $26.13. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.90 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. As a group, sell-side analysts predict 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.