AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 20,400 shares, an increase of 264.3% from the May 15th total of 5,600 shares. Based on an average daily trading volume, of 21,700 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Barclays lowered shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th.

AB SKF (publ) Price Performance

AB SKF (publ) stock traded up $0.23 during mid-day trading on Thursday, hitting $22.35. 10,043 shares of the company traded hands, compared to its average volume of 24,666. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 2.01. AB SKF has a one year low of $15.86 and a one year high of $24.01. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15. The stock has a fifty day moving average price of $20.08 and a 200-day moving average price of $20.33.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $24.86 billion. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. On average, equities analysts predict that AB SKF will post 1.51 earnings per share for the current fiscal year.

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.