Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Up 199.3% in March

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 44,300 shares, an increase of 199.3% from the February 28th total of 14,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 264,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers raised its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,707 shares of the industrial products company's stock after buying an additional 3,607 shares during the period. Rhumbline Advisers' holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.74% of the company's stock.

Wall Street Analyst Weigh In

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

Sandvik AB (publ) Price Performance

SDVKY traded down $0.56 during trading on Monday, reaching $21.87. The stock had a trading volume of 36,601 shares, compared to its average volume of 75,759. The stock has a market cap of $27.43 billion, a PE ratio of 23.52, a PEG ratio of 1.00 and a beta of 1.48. 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 has a one year low of $17.76 and a one year high of $23.47. The business has a 50-day moving average of $21.83 and a 200-day moving average of $20.31.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. As a group, equities research analysts anticipate that Sandvik AB will post 1.27 EPS for the current fiscal 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.