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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 68,000 shares, a drop 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 presently 0.2 days.

Svenska Handelsbanken AB (publ) Trading Up 0.2 %

Shares of SVNLY 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 firm has a 50-day moving average of $5.11 and a 200 day moving average of $4.99. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The company has a market cap of $20.39 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.38 and a beta of 0.84. Svenska Handelsbanken AB has a 52 week low of $4.24 and a 52 week high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.45 billion during the quarter. On average, sell-side analysts expect that Svenska Handelsbanken AB will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Svenska Handelsbanken AB (publ)

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.