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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,700 shares, a decrease of 38.2% from the October 15th total of 7,600 shares. Based on an average daily volume of 631,500 shares, the short-interest ratio is presently 0.0 days.

Svenska Handelsbanken AB (publ) Trading Up 0.6 %

SVNLY stock traded up $0.03 during mid-day trading on Friday, hitting $5.01. 491,088 shares of the stock were exchanged, compared to its average volume of 197,407. The business has a fifty day moving average price of $5.04 and a 200 day moving average price of $4.86. Svenska Handelsbanken AB has a 12 month low of $4.24 and a 12 month high of $6.01. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its earnings results on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Svenska Handelsbanken AB (publ) had a return on equity of 13.64% and a net margin of 14.66%. The company had revenue of $1.45 billion during the quarter. As a group, equities analysts anticipate that Svenska Handelsbanken AB will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research report 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.