Skandinaviska (OTCMKTS:SVKEF) Short Interest Update

Skandinaviska (OTCMKTS:SVKEF) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,817,478 shares, a drop 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 presently 4,010.0 days. Currently, 0.2% of the shares of the stock are sold short.

Skandinaviska Price Performance

OTCMKTS:SVKEF opened at $23.18 on Wednesday. Skandinaviska has a 52-week low of $17.70 and a 52-week high of $23.18. The stock has a fifty day moving average of $21.02 and a 200 day moving average of $20.44. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.57.

Skandinaviska (OTCMKTS:SVKEF) last announced its 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 for the quarter, compared to analyst estimates of $1.97 billion. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SVKEF. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research report on Monday, July 20th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently 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.