Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Update

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 68,000 shares, a decline of 31.1% from the November 30th total of 98,700 shares. Based on an average trading volume of 272,700 shares, the days-to-cover ratio is currently 0.2 days.

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY stock traded up $0.05 during trading hours on Monday, reaching $5.15. The stock had a trading volume of 134,366 shares, compared to its average volume of 192,792. The stock has a 50-day simple moving average of $5.11 and a 200 day simple moving average of $4.99. Svenska Handelsbanken AB has a fifty-two week low of $4.24 and a fifty-two week high of $6.01. The stock has a market capitalization of $20.39 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Svenska Handelsbanken AB (publ) had a return on equity of 13.65% and a net margin of 14.66%. The business had revenue of $1.45 billion during the quarter. Analysts predict that Svenska Handelsbanken AB will post 0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research note on Friday, September 27th.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.