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

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 65,200 shares, an increase of 3,160.0% from the March 31st total of 2,000 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 353,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 88.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,546 shares of the industrial products company's stock after buying an additional 2,610 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $117,000 as of its most recent SEC filing. 0.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Sandvik AB (publ) presently has a consensus rating of "Moderate Buy".

Sandvik AB (publ) Stock Up 0.5 %

OTCMKTS SDVKY traded up $0.11 during trading on Friday, reaching $21.14. 32,510 shares of the company's stock were exchanged, compared to its average volume of 89,304. The company has a 50 day moving average price of $21.18 and a two-hundred day moving average price of $20.05. The stock has a market cap of $26.52 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.00 and a beta of 1.48. Sandvik AB has a 1 year low of $16.94 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. On average, equities research analysts anticipate that Sandvik AB will post 1.27 EPS for the current fiscal year.

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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