AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 96.6% from the March 31st total of 14,700 shares. Approximately 0.0% of the shares of the stock 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 downgraded shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.

AB SKF (publ) Price Performance

Shares of OTCMKTS:SKFRY traded up $0.11 during trading on Wednesday, hitting $19.61. 33,439 shares of the company's stock were exchanged, compared to its average volume of 28,755. The business's 50-day simple moving average is $20.35 and its 200 day simple moving average is $19.82. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.24 and a beta of 1.17. AB SKF has a 52-week low of $15.86 and a 52-week high of $24.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.01 and a quick ratio of 1.13.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $24.86 billion. As a group, equities analysts predict that AB SKF will post 1.51 EPS for the current year.

About AB SKF (publ)

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.