Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Short Interest Update

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEFGet Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 604,100 shares, a drop of 69.8% from the April 15th total of 2,000,100 shares. Based on an average trading volume of 5,900 shares, the short-interest ratio is presently 102.4 days.

Shares of Skandinaviska Enskilda Banken AB (publ) stock traded up $0.36 on Thursday, hitting $10.68. 3,972 shares of the company traded hands, compared to its average volume of 1,003. The stock’s 50 day moving average price is $10.99 and its 200-day moving average price is $13.03. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.78. Skandinaviska Enskilda Banken AB has a 52 week low of $9.65 and a 52 week high of $16.05. The company has a market cap of $23.07 billion, a PE ratio of 7.85 and a beta of 0.90.

A number of brokerages recently commented on SVKEF. Barclays lowered their price target on shares of Skandinaviska Enskilda Banken AB (publ) from SEK 111 to SEK 105 in a report on Wednesday, April 6th. Cheuvreux raised shares of Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating and set a SEK 134 price objective for the company in a research note on Wednesday, April 20th. Nordea Equity Research raised shares of Skandinaviska Enskilda Banken AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, January 28th. JPMorgan Chase & Co. decreased their price objective on shares of Skandinaviska Enskilda Banken AB (publ) from SEK 110 to SEK 90 and set an “underweight” rating for the company in a research note on Monday, March 14th. Finally, Credit Suisse Group raised their price objective on shares of Skandinaviska Enskilda Banken AB (publ) to SEK 99 in a research note on Thursday, April 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.00.

Skandinaviska Enskilda Banken AB (publ) Company Profile (Get Rating)

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. It operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Baltic, Life, and Investment Management divisions. The company offers research and strategy services; analysis, advisory, execution, and trading services in the foreign exchange, fixed income, equities, and commodities markets; transaction services, including cash management, trade and supply chain finance, and business services; and investor services.

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