Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Expands By 1,400.0%

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,000 shares, an increase of 1,400.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 174,400 shares, the days-to-cover ratio is presently 0.0 days.

Sandvik AB (publ) Stock Performance

SDVKY traded up $0.23 during trading on Thursday, reaching $18.35. 115,362 shares of the company were exchanged, compared to its average volume of 105,050. Sandvik AB has a 52 week low of $17.76 and a 52 week high of $23.50. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $19.00 and a 200 day moving average of $19.99. The stock has a market cap of $23.02 billion, a P/E ratio of 19.73, a PEG ratio of 3.25 and a beta of 1.47.

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

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers lifted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,045 shares of the industrial products company's stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers' holdings in Sandvik AB (publ) were worth $543,000 at the end of the most recent reporting period. 0.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SDVKY has been the topic of a number of analyst reports. Citigroup upgraded shares of Sandvik AB (publ) to a "strong-buy" rating in a research note on Tuesday, October 15th. UBS Group lowered shares of Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a report on Wednesday, October 23rd. Finally, Barclays upgraded Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

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.