AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Up 839.1% in August

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 21,600 shares, an increase of 839.1% from the August 15th total of 2,300 shares. Based on an average daily volume of 29,900 shares, the short-interest ratio is presently 0.7 days.

AB SKF (publ) Stock Performance

Shares of AB SKF (publ) stock traded up $0.33 on Friday, hitting $17.79. The company’s stock had a trading volume of 33,677 shares, compared to its average volume of 22,593. The firm has a fifty day moving average price of $18.66 and a 200-day moving average price of $20.36. AB SKF has a 1 year low of $15.39 and a 1 year high of $22.95. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22.

AB SKF (publ) (OTCMKTS:SKFRY) last posted its quarterly earnings results on Thursday, July 18th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. AB SKF (publ) had a net margin of 5.68% and a return on equity of 14.38%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, analysts forecast that AB SKF will post 1.52 EPS for the current 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.