Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Expands By 33.3%

AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 20,800 shares, an increase of 33.3% from the February 13th total of 15,600 shares. Based on an average daily trading volume, of 20,700 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are short sold.

AB SKF (publ) Stock Up 3.4 %

Shares of AB SKF (publ) stock traded up $0.75 during trading on Friday, hitting $22.96. 11,731 shares of the stock traded hands, compared to its average volume of 17,513. The firm has a market cap of $10.45 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. AB SKF has a 52-week low of $17.15 and a 52-week high of $24.01. The stock’s fifty day simple moving average is $20.92 and its 200 day simple moving average is $19.72.

AB SKF (publ) (OTCMKTS:SKFRY) last posted its earnings results on Friday, January 31st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. 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.

About AB SKF (publ)

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.