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

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) was the recipient of a significant growth in short interest in 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 currently 19,981.7 days.

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of OTCMKTS:SVKEF remained flat at $13.59 during trading on Friday. The stock had a trading volume of 50 shares, compared to its average volume of 277. The stock has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $14.77. 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 has a 1-year low of $12.27 and a 1-year high of $15.55.

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

Wall Street Analyst Weigh In

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

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.