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

Sandvik AB (publ) (OTCMKTS:SDVKY) 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 days-to-cover ratio is presently 0.1 days.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,425 shares of the industrial products company’s stock after buying 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 SEC filing. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) Stock Down 0.3 %

SDVKY traded down $0.06 during midday trading on Thursday, reaching $21.03. 20,529 shares of the company were exchanged, compared to its average volume of 121,554. The company has a market cap of $26.38 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. Sandvik AB has a one year low of $17.76 and a one year high of $23.50. The company’s fifty day moving average price is $18.77 and its 200 day moving average price is $19.73.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings results on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. As a group, analysts expect that Sandvik AB will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SDVKY shares. Citigroup upgraded Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th. 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. Barclays raised Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group cut Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sandvik AB (publ) has an average rating of “Moderate Buy”.

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.