Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Decreases By 96.6%

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 96.6% from the March 31st total of 14,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 149,400 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.

AB SKF (publ) Price Performance

SKFRY stock traded down $0.03 on Thursday, hitting $19.58. 33,121 shares of the company's stock traded hands, compared to its average volume of 28,808. AB SKF has a 1-year low of $15.86 and a 1-year high of $24.01. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.24 and a beta of 1.17. The stock has a fifty day moving average of $20.31 and a 200-day moving average of $19.82. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last issued its earnings results on Friday, April 25th. The industrial products company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $24.86 billion. AB SKF (publ) had a return on equity of 13.95% and a net margin of 6.57%. On average, analysts forecast that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF (publ) 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.