Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Key Points

• Sandvik AB experienced a 73.4% drop in short interest from August 15th to August 31st, with total short interest falling to 4,700 shares.
• Institutional investors have increased their holdings in Sandvik, with GAMMA Investing LLC raising its position by 88.9% in the first quarter.
• The company reported a net margin of 11.89% with a return on equity of 16.54% for the quarter, matching EPS expectations.

Sandvik AB (OTCMKTS:SDVKY - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,700 shares, a decrease of 73.4% from the August 15th total of 17,700 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 0.1 days.

Sandvik Stock Performance

Shares of OTCMKTS SDVKY traded down $0.20 during mid-day trading on Wednesday, hitting $27.29. The company had a trading volume of 16,421 shares, compared to its average volume of 52,658. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 0.86. The business's 50-day simple moving average is $25.17 and its 200-day simple moving average is $22.85. Sandvik has a 12 month low of $16.94 and a 12 month high of $27.59. The firm has a market cap of $34.23 billion, a P/E ratio of 24.37, a PEG ratio of 1.86 and a beta of 1.56.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. Sandvik had a net margin of 11.89% and a return on equity of 16.54%. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $29.43 billion. As a group, analysts predict that Sandvik will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SDVKY. Barclays reiterated an "overweight" rating on shares of Sandvik in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Sandvik in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Institutional Trading of Sandvik

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Sandvik by 88.9% in the first quarter. GAMMA Investing LLC now owns 5,546 shares of the industrial products company's stock valued at $117,000 after purchasing an additional 2,610 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Sandvik by 15.9% during the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company's stock worth $502,000 after acquiring an additional 3,030 shares during the period. Finally, Rhumbline Advisers grew its holdings in Sandvik by 13.9% during the 1st quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company's stock worth $788,000 after acquiring an additional 4,562 shares during the period. Institutional investors and hedge funds own 0.74% of the company's stock.

Sandvik Company Profile

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.