Short Interest in Sandvik AB (publ) (OTCMKTS:SDVKY) Drops By 99.3%

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 200 shares, a decline of 99.3% from the April 15th total of 29,800 shares. Based on an average daily volume of 645,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,314 shares of the industrial products company's stock after buying an additional 1,375 shares during the period. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $96,000 at the end of the most recent quarter. 0.74% of the stock is currently owned by institutional investors.

Sandvik AB (publ) Trading Down 0.7 %

Shares of Sandvik AB (publ) stock traded down $0.15 on Friday, reaching $21.48. The company had a trading volume of 38,562 shares, compared to its average volume of 123,967. The firm's 50 day moving average price is $22.12 and its two-hundred day moving average price is $20.83. The firm has a market cap of $26.94 billion, a PE ratio of 22.37, a PEG ratio of 1.93 and a beta of 1.56. Sandvik AB has a 52-week low of $16.31 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.64.

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.

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