AB SKF (OTCMKTS:SKFRY) Short Interest Update

Key Points

• AB SKF experienced a significant increase in short interest, rising by 481.0% in July, with a total of 24,400 shares short as of July 31st.
• The company reported earnings per share of $0.52 for the last quarter, surpassing analysts' expectations of $0.43.
• Barclays downgraded AB SKF from a "strong-buy" to a "hold" rating in a recent research report.

AB SKF (OTCMKTS:SKFRY - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 24,400 shares, agrowthof481.0% from the July 15th total of 4,200 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 1.1 days. Approximately0.0% of the shares of the stock are sold short.

AB SKF Price Performance

Shares of OTCMKTS SKFRY traded down $0.09 during mid-day trading on Monday, reaching $24.60. The company's stock had a trading volume of 3,446 shares, compared to its average volume of 20,949. The firm has a market capitalization of $11.20 billion, a PE ratio of 21.77, a P/E/G ratio of 2.34 and a beta of 1.17. AB SKF has a 52 week low of $15.86 and a 52 week high of $25.53. The stock has a fifty day moving average of $23.32 and a two-hundred day moving average of $21.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.13.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.09. AB SKF had a net margin of 5.54% and a return on equity of 14.26%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $22.91 billion. As a group, sell-side analysts anticipate that AB SKF will post 1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays downgraded AB SKF from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.

AB SKF 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.