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

Sandvik AB (publ) (OTCMKTS:SDVKY) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 200 shares, a drop of 97.3% from the November 15th total of 7,300 shares. Based on an average trading volume of 229,700 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SDVKY shares. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

Sandvik AB (publ) Price Performance

OTCMKTS:SDVKY traded up $0.11 during mid-day trading on Wednesday, hitting $19.43. 88,255 shares of the stock traded hands, compared to its average volume of 104,571. The business’s 50-day moving average price is $19.64 and its 200 day moving average price is $20.24. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. The company has a market cap of $24.37 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. Sandvik AB has a 12-month low of $18.09 and a 12-month high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.91 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. On average, analysts expect that Sandvik AB will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers boosted its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,045 shares of the industrial products company’s stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 as of its most recent filing with the Securities & Exchange Commission. 0.74% of the stock is owned by institutional investors.

About Sandvik AB (publ)

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.