Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Drops By 50.6%

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 13,100 shares, a decrease of 50.6% from the January 15th total of 26,500 shares. Based on an average daily volume of 136,900 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

SDVKY has been the subject of a number of recent research reports. UBS Group downgraded shares of Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Sandvik AB (publ) Stock Performance

Shares of OTCMKTS:SDVKY traded up $0.04 during trading on Monday, reaching $22.31. 24,308 shares of the company's stock traded hands, compared to its average volume of 74,971. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. Sandvik AB has a 12 month low of $17.76 and a 12 month high of $23.50. The company has a 50 day moving average of $19.37 and a 200-day moving average of $19.81. The stock has a market capitalization of $27.99 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46.

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Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last posted its earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, hitting 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 expect that Sandvik AB will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers grew its position in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,707 shares of the industrial products company's stock after purchasing an additional 3,607 shares during the period. Rhumbline Advisers' holdings in Sandvik AB (publ) were worth $585,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.74% of the company's stock.

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.