Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (OTCMKTS:SDVKY) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 35,647 shares, a decrease of 88.4% from the January 15th total of 307,709 shares. Based on an average daily volume of 399,489 shares, the short-interest ratio is presently 0.1 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 399,489 shares, the short-interest ratio is presently 0.1 days.

Sandvik Stock Performance

Shares of OTCMKTS:SDVKY opened at $42.93 on Wednesday. The stock has a market capitalization of $53.85 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.83 and a beta of 1.51. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.40. Sandvik has a 1-year low of $16.94 and a 1-year high of $43.11. The business has a 50-day moving average price of $34.92 and a two-hundred day moving average price of $30.24.

Sandvik (OTCMKTS:SDVKY) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sandvik had a return on equity of 17.13% and a net margin of 12.16%.The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.38 billion. Equities analysts predict that Sandvik will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SDVKY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Monday, December 8th. Barclays reissued an “overweight” rating on shares of Sandvik in a report on Thursday, January 29th. Jefferies Financial Group cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup reissued a “buy” rating on shares of Sandvik in a report on Monday, January 12th. Finally, Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Hedge Funds Weigh In On Sandvik

Hedge funds and other institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in shares of Sandvik by 3,795.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares in the last quarter. GAMMA Investing LLC lifted its stake in Sandvik by 24.8% in the third quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after buying an additional 1,473 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Sandvik by 15.9% in the second quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock valued at $502,000 after buying an additional 3,030 shares during the period. 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.