AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Down 56.0% in March

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,700 shares, a drop of 56.0% from the March 15th total of 17,500 shares. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is currently 0.6 days.

AB SKF (publ) Stock Down 2.3 %

Shares of SKFRY stock traded down $0.48 on Thursday, hitting $20.58. The stock had a trading volume of 35,735 shares, compared to its average volume of 9,350. The company has a quick ratio of 1.31, a current ratio of 2.20 and a debt-to-equity ratio of 0.32. AB SKF has a one year low of $15.39 and a one year high of $22.95. The business has a 50 day moving average price of $21.28 and a 200 day moving average price of $19.21. The company has a market cap of $9.37 billion, a PE ratio of 15.36, a P/E/G ratio of 0.58 and a beta of 1.34.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). AB SKF (publ) had a return on equity of 14.69% and a net margin of 6.17%. The business had revenue of $2.30 billion during the quarter. Research analysts anticipate that AB SKF will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of AB SKF (publ) from a "sell" rating to a "buy" rating in a research report on Friday, February 23rd.

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.