Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Significant Growth in Short Interest

Sandvik AB (publ) (OTCMKTS:SDVKYGet Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 57,800 shares, an increase of 1,826.7% from the December 31st total of 3,000 shares. Based on an average daily trading volume, of 253,100 shares, the days-to-cover ratio is currently 0.2 days.

Sandvik AB (publ) Trading Down 0.3 %

Shares of Sandvik AB (publ) stock traded down $0.06 on Wednesday, reaching $21.03. The company had a trading volume of 20,529 shares, compared to its average volume of 117,090. The firm’s 50-day moving average price is $18.72 and its two-hundred day moving average price is $19.72. 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 $26.38 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85.

Sandvik AB (publ) (OTCMKTS:SDVKYGet Free Report) last released its quarterly earnings data on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. As a group, research analysts predict that Sandvik AB will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKYFree Report) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,425 shares of the industrial products company’s stock after buying an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SDVKY shares. Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Sanford C. Bernstein raised shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on SDVKY

Sandvik AB (publ) Company Profile

(Get Free Report)

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.

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