AB SKF (publ) (OTCMKTS:SKUFF) Sees Significant Increase in Short Interest

AB SKF (publ) (OTCMKTS:SKUFF) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,766,900 shares, a growth of 61.0% from the March 31st total of 1,097,200 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 453.1 days.

AB SKF (publ) Price Performance

OTCMKTS SKUFF remained flat at $20.55 during mid-day trading on Monday. 12 shares of the company were exchanged, compared to its average volume of 4,155. AB SKF has a fifty-two week low of $15.85 and a fifty-two week high of $22.60. The company has a 50 day moving average of $21.26 and a 200 day moving average of $19.10.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.