Sandvik AB (publ) (OTCMKTS:SDVKY) Short Interest Down 50.6% in January

Sandvik AB (publ) (OTCMKTS:SDVKY) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 13,100 shares, a decline of 50.6% from the January 15th total of 26,500 shares. Based on an average daily volume of 136,900 shares, the short-interest ratio is presently 0.1 days.

Sandvik AB (publ) Trading Up 1.8 %

Shares of SDVKY stock traded up $0.38 during trading hours on Thursday, hitting $21.52. The company had a trading volume of 33,085 shares, compared to its average volume of 74,971. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85. The stock has a market capitalization of $26.99 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The company’s fifty day moving average is $19.25 and its 200 day moving average is $19.78. Sandvik AB has a fifty-two week low of $17.76 and a fifty-two week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Sandvik AB (publ) had a return on equity of 16.32% and a net margin of 9.92%. Research analysts expect that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers increased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,707 shares of the industrial products company’s stock after purchasing an additional 3,607 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent quarter. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group lowered shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.