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 significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,700 shares, a drop of 73.4% from the August 15th total of 17,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Sandvik

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

Sandvik Stock Performance

OTCMKTS SDVKY traded down $0.08 on Friday, reaching $26.78. 540 shares of the stock were exchanged, compared to its average volume of 53,528. Sandvik has a one year low of $16.94 and a one year high of $26.86. The firm has a market capitalization of $33.59 billion, a PE ratio of 23.91, a PEG ratio of 1.79 and a beta of 1.56. The company's 50-day simple moving average is $24.94 and its two-hundred day simple moving average is $22.73. The company has a current ratio of 1.62, a quick ratio of 0.86 and a debt-to-equity ratio of 0.42.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last released its 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 company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $29.43 billion. Analysts expect that Sandvik will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SDVKY shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sandvik in a report on Wednesday, June 25th. Barclays reissued an "overweight" rating on shares of Sandvik in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About Sandvik

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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