Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Large Drop in Short Interest

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 15,000 shares, a drop of 45.5% from the February 29th total of 27,500 shares. Based on an average trading volume of 81,300 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Sandvik AB (publ)

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in Sandvik AB (publ) in the 1st quarter worth about $41,000. GAMMA Investing LLC acquired a new position in shares of Sandvik AB (publ) during the fourth quarter valued at approximately $61,000. Captrust Financial Advisors raised its holdings in shares of Sandvik AB (publ) by 15.6% during the second quarter. Captrust Financial Advisors now owns 8,385 shares of the industrial products company's stock valued at $136,000 after acquiring an additional 1,131 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Sandvik AB (publ) during the first quarter valued at approximately $201,000. Finally, Comerica Bank acquired a new position in shares of Sandvik AB (publ) during the second quarter valued at approximately $377,000. Institutional investors and hedge funds own 0.74% of the company's stock.

Sandvik AB (publ) Stock Down 1.9 %

OTCMKTS SDVKY traded down $0.43 on Thursday, reaching $22.35. 47,690 shares of the stock traded hands, compared to its average volume of 80,072. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.64. The company has a fifty day moving average price of $21.79 and a 200-day moving average price of $20.09. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.26 and a beta of 1.57. Sandvik AB has a 12 month low of $16.31 and a 12 month high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). Sandvik AB (publ) had a return on equity of 18.21% and a net margin of 12.09%. The company had revenue of $2.99 billion during the quarter. As a group, research analysts forecast that Sandvik AB will post 1.36 EPS for the current fiscal year.

About Sandvik AB (publ)

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.