Short Interest in Skanska AB (publ) (OTCMKTS:SKSBF) Grows By 65.0%

Skanska AB (publ) (OTCMKTS:SKSBFGet Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 71,600 shares, an increase of 65.0% from the April 30th total of 43,400 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 51.1 days.

Separately, Morgan Stanley lowered their price target on shares of Skanska AB (publ) from SEK 240 to SEK 230 in a report on Tuesday, May 10th.

SKSBF remained flat at $$16.63 during trading on Friday. 203 shares of the company traded hands, compared to its average volume of 1,845. Skanska AB has a 1-year low of $16.37 and a 1-year high of $29.70. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $23.24.

About Skanska AB (publ) (Get Rating)

Skanska AB (publ) operates as a construction and project development company in the Nordic region, Europe, and the United States. It operates through three segments: Construction, Residential Development, and Commercial Property Development. The Construction segment builds bridges, roads, harbors, quays, hospitals, residences, and schools.

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