Short Interest in Sandvik AB (OTCMKTS:SDVKY) Decreases By 74.4%

Sandvik AB (OTCMKTS:SDVKY) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 9,108 shares, a decline of 74.4% from the January 29th total of 35,647 shares. Based on an average daily volume of 273,522 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 273,522 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

SDVKY has been the topic of a number of recent analyst reports. Zacks Research downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup reaffirmed a “buy” rating on shares of Sandvik in a research note on Monday, January 12th. Barclays reissued an “overweight” rating on shares of Sandvik in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Sandvik in a report on Monday, December 8th. Finally, Jefferies Financial Group downgraded shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Sandvik Price Performance

SDVKY stock traded up $0.03 during midday trading on Friday, reaching $44.15. The stock had a trading volume of 10,365 shares, compared to its average volume of 173,668. Sandvik has a 52-week low of $16.94 and a 52-week high of $44.43. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $37.68 and its 200 day simple moving average is $31.67. The company has a market cap of $55.38 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.51.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Sandvik had a return on equity of 16.94% and a net margin of 12.16%. As a group, sell-side analysts predict that Sandvik will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sandvik stock. Salomon & Ludwin LLC raised its position in Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 857 shares of the industrial products company’s stock after purchasing an additional 835 shares during the quarter. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 as of its most recent SEC filing. 0.74% of the stock is owned by institutional investors.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.