Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Down 95.5% in March

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

Sandvik AB (publ) Stock Performance

Shares of Sandvik AB (publ) stock traded down $0.06 during trading hours on Monday, reaching $19.14. 127,708 shares of the stock traded hands, compared to its average volume of 91,578. The company has a 50 day moving average price of $21.52 and a 200 day moving average price of $20.16. Sandvik AB has a one year low of $16.94 and a one year high of $23.47. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.00 and a beta of 1.48.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. On average, equities research analysts expect that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers lifted 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 Securities & Exchange Commission. The firm owned 32,707 shares of the industrial products company’s stock after acquiring an additional 3,607 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.74% of the company’s stock.

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.