Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (OTCMKTS:SDVKY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 52,662 shares, a growth of 478.2% from the February 12th total of 9,108 shares. Based on an average daily volume of 179,707 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 179,707 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC raised its position in Sandvik AB (OTCMKTS:SDVKY) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,406 shares of the industrial products company’s stock after acquiring an additional 1,473 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $208,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by institutional investors.

Sandvik Stock Up 3.3%

OTCMKTS SDVKY traded up $1.33 during trading on Tuesday, hitting $41.30. The stock had a trading volume of 419,228 shares, compared to its average volume of 164,892. Sandvik has a 12 month low of $16.94 and a 12 month high of $44.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.94. The company’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $32.59. The company has a market capitalization of $51.80 billion, a PE ratio of 34.13, a P/E/G ratio of 1.73 and a beta of 1.48.

Sandvik (OTCMKTS:SDVKY) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.38 billion. Sandvik had a net margin of 12.16% and a return on equity of 16.94%. As a group, sell-side analysts forecast that Sandvik will post 1.27 EPS for the current year.

About Sandvik

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.