AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRY) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 34,400 shares, a drop of 22.3% from the October 31st total of 44,300 shares. Based on an average daily trading volume, of 73,300 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Citigroup raised shares of AB SKF (publ) to a “hold” rating in a research report on Friday, October 11th.

AB SKF (publ) Stock Up 2.2 %

Shares of SKFRY opened at $18.82 on Friday. The firm has a market cap of $8.57 billion, a P/E ratio of 11.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36. AB SKF has a 52 week low of $17.15 and a 52 week high of $22.95. The firm’s 50-day simple moving average is $19.09 and its 200 day simple moving average is $19.49.

AB SKF (publ) (OTCMKTS:SKFRY) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $2.27 billion for the quarter. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.