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

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) was the target of a significant decrease in short interest in 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

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

Skandinaviska Enskilda Banken AB (publ) Price Performance

OTCMKTS:SVKEF opened at $14.45 on Friday. Skandinaviska Enskilda Banken AB has a 52 week low of $13.16 and a 52 week high of $15.55. The stock’s fifty day moving average is $14.26 and its two-hundred day moving average is $14.79. The company has a market capitalization of $31.21 billion, a P/E ratio of 8.60 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.29.

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 firm had revenue of $2.01 billion for the quarter. Skandinaviska Enskilda Banken AB (publ) had a net margin of 19.50% and a return on equity of 16.84%. Equities analysts expect that Skandinaviska Enskilda Banken AB will post 1.65 EPS for the current 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.