Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Large Decline in Short Interest

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 29,500 shares, a drop of 67.1% from the September 15th total of 89,700 shares. Based on an average daily volume of 372,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 372,200 shares, the short-interest ratio is presently 0.1 days.

Svenska Handelsbanken Ab Publ Stock Up 0.2%

Shares of OTCMKTS SVNLY opened at $6.52 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. Svenska Handelsbanken Ab Publ has a 1-year low of $4.81 and a 1-year high of $6.83. The company has a fifty day moving average price of $6.43 and a 200 day moving average price of $6.32.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its earnings results on Wednesday, July 16th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. Svenska Handelsbanken Ab Publ had a return on equity of 13.22% and a net margin of 15.69%. As a group, equities analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SVNLY shares. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday. Finally, Danske lowered shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Svenska Handelsbanken Ab Publ presently has an average rating of “Reduce”.

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.