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

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on SDVKY shares. 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 Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

Hedge Funds Weigh In On Sandvik AB (publ)

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

Sandvik AB (publ) Price Performance

SDVKY remained flat at $18.92 during trading on Friday. 77,090 shares of the company traded hands, compared to its average volume of 104,343. Sandvik AB has a 1 year low of $18.09 and a 1 year high of $23.50. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company has a market cap of $23.73 billion, a P/E ratio of 20.34, a PEG ratio of 3.34 and a beta of 1.46. The stock has a fifty day moving average of $19.54 and a 200-day moving average of $20.23.

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

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.