Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 65,200 shares, an increase of 3,160.0% from the March 31st total of 2,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 353,800 shares, the short-interest ratio is currently 0.2 days.

Sandvik AB (publ) Stock Performance

Shares of OTCMKTS:SDVKY traded down $0.40 during trading on Thursday, hitting $20.90. 35,819 shares of the company were exchanged, compared to its average volume of 86,628. The company has a market cap of $26.22 billion, a PE ratio of 22.47, a P/E/G ratio of 1.00 and a beta of 1.48. Sandvik AB has a 52-week low of $16.94 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 0.94. The stock has a 50 day moving average of $21.13 and a 200 day moving average of $20.05.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last posted its earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $30.25 billion. As a group, equities research analysts predict that Sandvik AB will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its stake in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 88.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,546 shares of the industrial products company's stock after purchasing an additional 2,610 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.74% of the company's stock.

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.