Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Significant Growth in Short Interest

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 16,600 shares, a growth of 361.1% from the September 30th total of 3,600 shares. Based on an average daily volume of 45,700 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SDVKY shares. Citigroup raised Sandvik AB (publ) to a "strong-buy" rating in a research report on Tuesday, October 15th. UBS Group downgraded Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a report on Wednesday. Finally, Barclays upgraded Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

Sandvik AB (publ) Stock Up 0.6 %

Shares of SDVKY traded up $0.12 during mid-day trading on Friday, reaching $19.78. The company's stock had a trading volume of 42,848 shares, compared to its average volume of 105,686. The company's 50 day moving average is $20.80 and its 200 day moving average is $20.82. The stock has a market cap of $24.81 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.58 and a quick ratio of 0.85. Sandvik AB has a 12-month low of $16.55 and a 12-month high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last released its quarterly 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 firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.56% and a net margin of 9.93%. Equities analysts anticipate that Sandvik AB will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,425 shares of the industrial products company's stock after acquiring an additional 564 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 0.74% of the stock is owned by institutional investors.

Sandvik AB (publ) Company Profile

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.

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