Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Drops By 21.0%

AB SKF (publ) (OTCMKTS:SKFRY) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 7,900 shares, a decline of 21.0% from the May 15th total of 10,000 shares. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, UBS Group upgraded AB SKF (publ) from a “sell” rating to a “buy” rating in a report on Friday, February 23rd.

AB SKF (publ) Stock Down 3.7 %

Shares of OTCMKTS:SKFRY traded down $0.75 on Friday, reaching $19.71. The company had a trading volume of 7,595 shares, compared to its average volume of 6,444. The stock has a market capitalization of $8.97 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.87 and a beta of 1.28. The stock has a 50-day moving average price of $21.28 and a 200 day moving average price of $20.67. AB SKF has a twelve month low of $15.39 and a twelve month high of $22.95. The company has a quick ratio of 1.31, a current ratio of 2.20 and a debt-to-equity ratio of 0.32.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $0.46 EPS for the quarter. AB SKF (publ) had a net margin of 6.10% and a return on equity of 14.47%. The company had revenue of $2.38 billion for the quarter. On average, equities analysts expect that AB SKF will post 1.52 EPS for the current year.

AB SKF (publ) Company Profile

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.