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

Skandinaviska (OTCMKTS:SVKEF) was the target of a significant decrease in short interest during 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. Based on an average daily volume of 952 shares, the days-to-cover ratio is currently 4,010.0 days. Approximately 0.2% of the company’s stock are short sold.

Skandinaviska Stock Performance

Shares of SVKEF opened at $23.18 on Thursday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. Skandinaviska has a 52-week low of $17.70 and a 52-week high of $23.18. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.57. The business’s fifty day moving average is $21.08 and its 200-day moving average is $20.45.

Skandinaviska (OTCMKTS:SVKEF) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.97 billion.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SVKEF. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Skandinaviska has a consensus rating of “Hold”.

Skandinaviska 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. 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.