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

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

AB SKF (publ) Stock Performance

Shares of OTCMKTS:SKFRY opened at $18.82 on Friday. AB SKF has a 1 year low of $17.15 and a 1 year high of $22.95. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 11.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The company’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 issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. The firm had revenue of $2.27 billion for the quarter.

Analyst Ratings Changes

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

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.