Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Decreases By 25.5%

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 15,500 shares, a drop of 25.5% from the February 28th total of 20,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,100 shares, the days-to-cover ratio is currently 0.4 days.

AB SKF (publ) Price Performance

OTCMKTS:SKFRY traded down $0.46 during trading hours on Monday, reaching $20.77. The company had a trading volume of 10,910 shares, compared to its average volume of 18,071. The stock has a 50-day moving average of $21.49 and a two-hundred day moving average of $20.00. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.25. AB SKF has a one year low of $17.15 and a one year high of $24.01. The firm has a market capitalization of $9.46 billion, a PE ratio of 15.39, a PEG ratio of 1.24 and a beta of 1.24.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. Analysts forecast that AB SKF will post 1.51 earnings per share for the current year.

About AB SKF (publ)

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.