Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,800 shares, a decline of 64.2% from the February 13th total of 41,300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 53,600 shares, the short-interest ratio is currently 0.3 days.

Sandvik AB (publ) Trading Down 0.4 %

Shares of Sandvik AB (publ) stock traded down $0.10 during trading on Thursday, reaching $22.89. 90,509 shares of the stock were exchanged, compared to its average volume of 85,938. Sandvik AB has a 1 year low of $17.76 and a 1 year high of $23.50. The firm has a market cap of $28.71 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.48. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $20.74 and its 200 day moving average is $20.10.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its earnings results on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Sandvik AB (publ) had a return on equity of 16.07% and a net margin of 9.92%. As a group, equities research analysts expect that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers increased its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,707 shares of the industrial products company’s stock after purchasing an additional 3,607 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Sandvik AB (publ) Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.