AB SKF (publ) (OTCMKTS:SKFRY) Sees Large Growth in Short Interest

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 9,900 shares, a growth of 43.5% from the January 15th total of 6,900 shares. Based on an average daily trading volume, of 28,300 shares, the days-to-cover ratio is presently 0.3 days.

AB SKF (publ) Price Performance

SKFRY stock traded down $0.71 during mid-day trading on Wednesday, reaching $21.48. 3,180 shares of the company traded hands, compared to its average volume of 18,721. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.01 and a quick ratio of 1.13. The company has a market capitalization of $9.78 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.23 and a beta of 1.20. AB SKF has a 52-week low of $17.15 and a 52-week high of $22.95. The company has a fifty day moving average price of $19.82 and a 200-day moving average price of $19.22.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last posted its earnings results on Friday, January 31st. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.11. AB SKF (publ) had a return on equity of 13.95% and a net margin of 6.57%. As a group, analysts anticipate that AB SKF will post 1.51 earnings per share for the current year.

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About AB SKF (publ)

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.