Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Decreases By 61.1%

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 8,400 shares, a decline of 61.1% from the August 31st total of 21,600 shares. Based on an average daily trading volume, of 71,600 shares, the days-to-cover ratio is presently 0.1 days.

AB SKF (publ) Stock Performance

Shares of SKFRY stock traded up $0.01 during trading on Wednesday, reaching $19.49. 5,788 shares of the company's stock were exchanged, compared to its average volume of 14,444. The firm's fifty day moving average price is $18.50 and its 200-day moving average price is $20.19. AB SKF has a twelve month low of $15.39 and a twelve month high of $22.95. The stock has a market capitalization of $8.87 billion, a PE ratio of 14.98, a PEG ratio of 1.18 and a beta of 1.22. The company has a quick ratio of 1.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.44 billion. AB SKF (publ) had a net margin of 5.68% and a return on equity of 14.24%. As a group, sell-side analysts anticipate that AB SKF will post 1.54 EPS for the current year.

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.