Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Significant Increase in Short Interest

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 41,300 shares, an increase of 215.3% from the January 31st total of 13,100 shares. Based on an average daily volume of 74,300 shares, the short-interest ratio is currently 0.6 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 stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 quarter. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik AB (publ) Stock Down 2.3 %

Shares of OTCMKTS SDVKY traded down $0.51 during trading hours on Tuesday, hitting $21.38. 52,683 shares of the stock were exchanged, compared to its average volume of 69,740. The firm has a fifty day moving average price of $20.09 and a 200-day moving average price of $20.00. The company has a market cap of $26.82 billion, a PE ratio of 22.99, a PEG ratio of 1.00 and a beta of 1.46. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. Sandvik AB has a 12 month low of $17.76 and a 12 month high of $23.50.

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Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.07% and a net margin of 9.92%. On average, sell-side analysts expect that Sandvik AB will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research note on Monday, January 6th. One 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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.