Short Interest in Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Expands By 115.2%

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 6,065,800 shares, a growth of 115.2% from the July 31st total of 2,818,900 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 8,665.4 days.

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of SVKEF stock remained flat at $15.25 during mid-day trading on Wednesday. 83 shares of the stock traded hands, compared to its average volume of 757. Skandinaviska Enskilda Banken AB has a 1 year low of $11.10 and a 1 year high of $15.54. The company has a 50-day simple moving average of $15.17 and a 200 day simple moving average of $14.54. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.48 and a current ratio of 1.48.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.42 EPS for the quarter. Skandinaviska Enskilda Banken AB (publ) had a net margin of 20.24% and a return on equity of 17.48%. The firm had revenue of $1.90 billion for the quarter. On average, equities analysts anticipate that Skandinaviska Enskilda Banken AB will post 1.64 EPS for the current fiscal year.

About Skandinaviska Enskilda Banken AB (publ)

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.