Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,000 shares, a drop of 95.5% from the March 15th total of 44,300 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 60,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Stock Up 0.3 %

Shares of OTCMKTS:SDVKY traded up $0.06 during trading hours on Wednesday, hitting $19.20. The company’s stock had a trading volume of 79,247 shares, compared to its average volume of 91,564. The firm’s fifty day moving average price is $21.45 and its 200 day moving average price is $20.13. Sandvik AB has a 52 week low of $16.94 and a 52 week high of $23.47. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 0.94.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Sandvik AB (publ) had a return on equity of 16.07% and a net margin of 9.92%. As a group, research analysts expect that Sandvik AB will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers raised its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,707 shares of the industrial products company’s stock after buying an additional 3,607 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.74% of the company’s stock.

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.