Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Down 54.2% in January

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 26,500 shares, a drop of 54.2% from the December 31st total of 57,800 shares. Based on an average daily volume of 302,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,425 shares of the industrial products company's stock after acquiring 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. 0.74% of the stock is owned by institutional investors and hedge funds.

Sandvik AB (publ) Trading Down 1.7 %

OTCMKTS:SDVKY traded down $0.36 during trading hours on Friday, hitting $20.66. 30,869 shares of the stock were exchanged, compared to its average volume of 108,283. The company's 50 day moving average is $18.83 and its two-hundred day moving average is $19.74. The company has a market capitalization of $25.92 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. Sandvik AB has a twelve month low of $17.76 and a twelve month high of $23.50. 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 (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 the consensus estimate of $0.30. Sandvik AB (publ) had a return on equity of 16.32% and a net margin of 9.92%. On average, sell-side analysts anticipate that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

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.