Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Up 1,400.0% in December

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

Sandvik AB (publ) Stock Down 1.2 %

Shares of OTCMKTS:SDVKY traded down $0.23 during midday trading on Friday, reaching $18.13. The company had a trading volume of 130,388 shares, compared to its average volume of 105,152. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. The stock’s fifty day moving average price is $19.00 and its 200-day moving average price is $19.99. Sandvik AB has a one year low of $17.76 and a one year high of $23.50. The stock has a market capitalization of $22.74 billion, a P/E ratio of 19.49, a PEG ratio of 3.25 and a beta of 1.47.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The company had revenue of $2.91 billion for the quarter. Equities research analysts expect that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC raised its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,425 shares of the industrial products company’s stock after purchasing an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.