AB SKF (publ) (OTCMKTS:SKFRY) Sees Significant Increase in Short Interest | MarketBeat

2022-05-28 01:28:17 By : Ms. Demi T

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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 56,200 shares, an increase of 282.3% from the April 15th total of 14,700 shares. Based on an average daily volume of 153,200 shares, the short-interest ratio is presently 0.4 days.

Several research firms have recently commented on SKFRY. Berenberg Bank dropped their target price on shares of AB SKF (publ) from SEK 240 to SEK 230 and set a "buy" rating for the company in a research report on Thursday, April 28th. Barclays dropped their target price on shares of AB SKF (publ) from SEK 180 to SEK 145 in a research report on Tuesday, April 5th. Danske raised shares of AB SKF (publ) from a "hold" rating to a "buy" rating in a research report on Friday, May 6th. They noted that the move was a valuation call. DNB Markets raised shares of AB SKF (publ) from a "hold" rating to a "buy" rating and set a $245.00 target price for the company in a research report on Monday, February 21st. Finally, Morgan Stanley decreased their price target on shares of AB SKF (publ) from SEK 250 to SEK 210 in a research note on Wednesday, March 16th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $189.89.

OTCMKTS:SKFRY opened at $16.58 on Thursday. The firm has a market cap of $7.06 billion, a P/E ratio of 8.77, a P/E/G ratio of 2.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.34 and a current ratio of 2.19. AB SKF has a fifty-two week low of $15.00 and a fifty-two week high of $27.84. The firm has a 50-day simple moving average of $16.63 and a two-hundred day simple moving average of $20.68.

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AB SKF (publ) (OTCMKTS:SKFRY - Get Rating) last released its quarterly earnings data on Monday, April 25th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. AB SKF (publ) had a net margin of 8.90% and a return on equity of 17.50%. On average, equities research analysts predict that AB SKF will post 1.65 EPS for the current year.

AB SKF (publ) Company Profile (Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

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