Short Interest in Skandinaviska (OTCMKTS:SVKEF) Declines By 33.2%

Skandinaviska (OTCMKTS:SVKEF) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,817,478 shares, a decline of 33.2% from the July 30th total of 5,715,099 shares. Based on an average daily volume of 952 shares, the short-interest ratio is presently 4,010.0 days. Approximately 0.2% of the company’s stock are short sold.

Skandinaviska Price Performance

Skandinaviska stock opened at $23.18 on Tuesday. Skandinaviska has a 12-month low of $17.70 and a 12-month high of $23.18. The business’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $20.43. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.23. The stock has a market cap of $47.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.97 billion. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%.

Analyst Upgrades and Downgrades

SVKEF has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Skandinaviska has a consensus rating of “Hold”.

About Skandinaviska

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. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.