Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Declines By 25.5%

AB SKF (publ) (OTCMKTS:SKFRY) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 15,500 shares, a decline of 25.5% from the February 28th total of 20,800 shares. Based on an average daily volume of 36,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

AB SKF (publ) Price Performance

SKFRY stock traded down $0.56 on Tuesday, hitting $20.21. 26,009 shares of the company’s stock traded hands, compared to its average volume of 18,203. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.24 and a beta of 1.24. AB SKF has a 1-year low of $17.15 and a 1-year high of $24.01. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $21.50 and a 200-day moving average of $20.02.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $0.39 EPS 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%. On average, analysts forecast that AB SKF will post 1.51 EPS for the current fiscal year.

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.