Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Rises By 215.3%

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 41,300 shares, a growth of 215.3% from the January 31st total of 13,100 shares. Based on an average daily volume of 74,300 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. Rhumbline Advisers boosted its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,707 shares of the industrial products company’s stock after acquiring an additional 3,607 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sandvik AB (publ) Trading Down 2.2 %

SDVKY traded down $0.48 during trading on Friday, reaching $21.57. 21,956 shares of the company’s stock were exchanged, compared to its average volume of 71,417. The company’s fifty day moving average price is $20.01 and its 200-day moving average price is $19.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79. Sandvik AB has a fifty-two week low of $17.76 and a fifty-two week high of $23.50. The firm has a market capitalization of $27.06 billion, a PE ratio of 23.19, a P/E/G ratio of 1.00 and a beta of 1.46.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. As a group, equities analysts forecast that Sandvik AB will post 1.27 EPS for the current year.

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.