Short Interest in AB SKF (publ) (OTCMKTS:SKFRY) Drops By 16.8%

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 12,900 shares, a decrease of 16.8% from the July 31st total of 15,500 shares. Based on an average daily volume of 33,500 shares, the days-to-cover ratio is currently 0.4 days.

SKFRY stock opened at $16.28 on Monday. The company's 50-day simple moving average is $17.62 and its 200-day simple moving average is $18.13. The company has a quick ratio of 1.30, a current ratio of 2.32 and a debt-to-equity ratio of 0.40. AB SKF has a 52-week low of $12.57 and a 52-week high of $20.76. The firm has a market cap of $7.41 billion, a P/E ratio of 12.72, a PEG ratio of 0.62 and a beta of 1.31.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. AB SKF (publ) had a net margin of 5.89% and a return on equity of 13.18%. The business had revenue of $2.58 billion for the quarter. As a group, equities analysts forecast that AB SKF will post 1.65 EPS for the current fiscal year.

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. The company operates in segments, Industrial and Automotive. It offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, thin section bearing, 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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