Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Short Interest Update

Posted by Adam Masters on Nov 15th, 2024

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF – Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 4,650,100 shares, a drop of 29.6% from the October 15th total of 6,607,900 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 11,625.3 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SVKEF. The Goldman Sachs Group upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research note on Friday, September 27th. BNP Paribas upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research note on Tuesday, October 1st.

Read Our Latest Report on SVKEF

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of SVKEF stock traded down $0.32 on Friday, reaching $13.95. The company had a trading volume of 418 shares, compared to its average volume of 128. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50-day moving average of $14.80 and a 200-day moving average of $14.76. Skandinaviska Enskilda Banken AB has a 12 month low of $12.27 and a 12 month high of $15.55.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.44 earnings per share (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, equities research analysts expect that Skandinaviska Enskilda Banken AB will post 1.65 earnings per share for the current fiscal year.

About Skandinaviska Enskilda Banken AB (publ)

(Get Free Report)

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.