Short Interest in Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Increases By 34.2%

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 6,268,500 shares, a growth of 34.2% from the April 30th total of 4,671,800 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 31,342.5 days. Approximately 0.3% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays upgraded Skandinaviska Enskilda Banken AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research report on Monday. Citigroup restated a "neutral" rating on shares of Skandinaviska Enskilda Banken AB (publ) in a research report on Wednesday, May 21st.

Skandinaviska Enskilda Banken AB (publ) Price Performance

Shares of OTCMKTS:SVKEF remained flat at $16.90 during trading on Thursday. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.53 and a quick ratio of 1.44. Skandinaviska Enskilda Banken AB has a one year low of $12.59 and a one year high of $17.99. The company has a 50-day simple moving average of $15.81 and a 200-day simple moving average of $15.13. The firm has a market capitalization of $34.43 billion, a PE ratio of 10.31 and a beta of 0.44.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $18.93 billion. Skandinaviska Enskilda Banken AB (publ) had a net margin of 19.29% and a return on equity of 16.21%.

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.