Short Interest in Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Expands By 28.9%

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 5,994,500 shares, a growth of 28.9% from the October 31st total of 4,650,100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 19,981.7 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SVKEF shares. The Goldman Sachs Group raised Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a report on Friday, September 27th. BNP Paribas raised Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a report on Tuesday, October 1st.

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of Skandinaviska Enskilda Banken AB (publ) stock remained flat at $13.59 during mid-day trading on Friday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 277. The company has a fifty day moving average price of $14.53 and a 200-day moving average price of $14.77. Skandinaviska Enskilda Banken AB has a fifty-two week low of $12.27 and a fifty-two week high of $15.55. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.44 and a quick ratio of 1.44.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.44 EPS for the quarter. Skandinaviska Enskilda Banken AB (publ) had a return on equity of 16.84% and a net margin of 19.50%. The business had revenue of $2.01 billion during the quarter. As a group, analysts predict that Skandinaviska Enskilda Banken AB will post 1.65 EPS for the current fiscal year.

Skandinaviska Enskilda Banken AB (publ) Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.