AB SKF (OTCMKTS:SKFRY) Short Interest Up 21.2% in August

Key Points

• AB SKF saw a significant increase in short interest, rising by 21.2% in August, with total short interest reaching 12,600 shares as of August 31st.
• The company reported $0.52 earnings per share for the latest quarter, exceeding analyst expectations of $0.43, with revenue of $2.37 billion.
• AB SKF's shares traded at $25.15 recently, showing a market cap of $11.45 billion and a P/E ratio of 22.26.

AB SKF (OTCMKTS:SKFRY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,600 shares, an increase of 21.2% from the August 15th total of 10,400 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.7 days.

AB SKF Stock Performance

Shares of AB SKF stock traded up $0.14 during trading on Monday, reaching $25.33. The company's stock had a trading volume of 9,923 shares, compared to its average volume of 9,144. The company has a 50-day moving average price of $24.78 and a two-hundred day moving average price of $22.33. The firm has a market cap of $11.53 billion, a PE ratio of 14.48, a P/E/G ratio of 2.38 and a beta of 1.17. AB SKF has a fifty-two week low of $15.86 and a fifty-two week high of $26.52. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 0.26.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last issued its earnings results on Friday, July 18th. The industrial products company reported $0.52 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $22.91 billion. On average, analysts forecast that AB SKF will post 1.51 EPS for the current year.

About AB SKF

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.