Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Significant 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 December. As of December 31st, there was short interest totalling 57,800 shares, an increase of 1,826.7% from the December 15th total of 3,000 shares. Based on an average daily trading volume, of 253,100 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

SDVKY has been the topic of a number of research reports. Sanford C. Bernstein raised Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. UBS Group lowered Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a research report on Wednesday, October 23rd. Citigroup upgraded Sandvik AB (publ) to a "strong-buy" rating in a research note on Tuesday, October 15th. Finally, Barclays upgraded Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Sandvik AB (publ) Price Performance

Shares of OTCMKTS SDVKY traded down $0.20 during trading hours on Monday, reaching $18.01. 169,501 shares of the stock traded hands, compared to its average volume of 159,957. The company's 50-day simple moving average is $18.61 and its two-hundred day simple moving average is $19.78. The company has a quick ratio of 0.85, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. Sandvik AB has a 52-week low of $17.76 and a 52-week high of $23.50. The company has a market capitalization of $22.59 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 3.25 and a beta of 1.46.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The business had revenue of $2.91 billion during the quarter. Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. Equities research analysts forecast that Sandvik AB will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC lifted its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,425 shares of the industrial products company's stock after purchasing 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 (SEC). Hedge funds and other institutional investors own 0.74% of the company's stock.

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.

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