Short Interest in Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Decreases By 27.6%

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 4,340,900 shares, a decrease of 27.6% from the November 15th total of 5,994,500 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 5,426.1 days.

Analysts Set New Price Targets

Several research firms have recently commented on SVKEF. BNP Paribas raised shares of Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research note on Friday, September 27th.

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of SVKEF opened at $14.45 on Friday. Skandinaviska Enskilda Banken AB has a 12 month low of $13.16 and a 12 month 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. The stock has a fifty day moving average price of $14.26 and a 200 day moving average price of $14.79. The company has a market cap of $31.21 billion, a P/E ratio of 8.60 and a beta of 0.77.

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

About Skandinaviska Enskilda Banken AB (publ)

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.