Skandinaviska (OTCMKTS:SVKEF) Short Interest Down 33.2% in August

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

Analyst Upgrades and Downgrades

SVKEF has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Skandinaviska currently has an average rating of “Hold”.

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Skandinaviska Price Performance

Shares of OTCMKTS:SVKEF opened at $23.18 on Tuesday. The firm has a 50 day moving average of $20.96 and a 200-day moving average of $20.43. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. Skandinaviska has a 12 month low of $17.70 and a 12 month high of $23.18. The stock has a market capitalization of $47.21 billion, a PE ratio of 12.53 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.97 billion.

Skandinaviska Company Profile

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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.

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