Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Up 1,826.7% in January

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 57,800 shares, a growth of 1,826.7% from the December 31st total of 3,000 shares. Based on an average trading volume of 253,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,425 shares of the industrial products company's stock after purchasing an additional 564 shares during the period. 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. Hedge funds and other institutional investors own 0.74% of the company's stock.

Wall Street Analyst Weigh In

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

Sandvik AB (publ) Stock Performance

SDVKY traded down $0.36 during trading hours on Friday, reaching $20.66. The company's stock had a trading volume of 30,869 shares, compared to its average volume of 108,283. The company's 50-day moving average is $18.83 and its 200-day moving average is $19.74. Sandvik AB has a 52 week low of $17.76 and a 52 week high of $23.50. The firm has a market cap of $25.92 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.32%. On average, equities analysts forecast that Sandvik AB will post 1.27 EPS for the current 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.