Sandvik AB (publ) (OTCMKTS:SDVKY) Sees Large Growth in Short Interest

Sandvik AB (publ) (OTCMKTS:SDVKY) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 3,000 shares, a growth of 1,400.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 174,400 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC lifted its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,425 shares of the industrial products company’s stock after purchasing an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik AB (publ) Stock Up 1.3 %

OTCMKTS:SDVKY traded up $0.23 during midday trading on Thursday, reaching $18.35. 115,362 shares of the stock traded hands, compared to its average volume of 105,050. The stock has a market capitalization of $23.02 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. Sandvik AB has a 12-month low of $17.76 and a 12-month high of $23.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. The business has a 50-day moving average of $19.04 and a two-hundred day moving average of $20.00.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The business had revenue of $2.91 billion for the quarter. On average, equities analysts forecast that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. Barclays raised Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group lowered Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd.

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.