AB SKF (OTCMKTS:SKFRY) Sees Significant Decrease in Short Interest

Key Points

• AB SKF experienced a 57.4% decrease in short interest during August, with total shares short dropping from 24,400 to 10,400.
• The company's stock price fell by 0.9%, reaching $25.08, alongside a trading volume of 3,946 shares, significantly lower than its average volume of 20,212.
• AB SKF reported earnings of $0.52 per share for the last quarter, exceeding analysts' expectations of $0.43, on revenues of $2.37 billion.

AB SKF (OTCMKTS:SKFRY - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 10,400 shares, adecreaseof57.4% from the July 31st total of 24,400 shares. Based on an average trading volume of 22,100 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 22,100 shares, the short-interest ratio is currently 0.5 days.

AB SKF Stock Down 0.9%

SKFRY stock traded down $0.23 during mid-day trading on Thursday, reaching $25.08. The company had a trading volume of 3,946 shares, compared to its average volume of 20,212. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.13 and a current ratio of 1.96. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.43 and a beta of 1.17. The firm has a fifty day simple moving average of $24.20 and a 200 day simple moving average of $22.05. AB SKF has a fifty-two week low of $15.86 and a fifty-two week high of $26.52.

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

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.

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