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

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 33,911 shares, a decrease of 60.6% from the June 15th total of 86,032 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 339,578 shares, the days-to-cover ratio is currently 0.1 days.

Svenska Handelsbanken Ab Publ Stock Performance

Svenska Handelsbanken Ab Publ stock opened at $7.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $29.26 billion, a PE ratio of 10.41, a P/E/G ratio of 4.20 and a beta of 0.61. The company has a 50 day moving average price of $7.20 and a 200-day moving average price of $7.34. Svenska Handelsbanken Ab Publ has a fifty-two week low of $5.80 and a fifty-two week high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.41% and a net margin of 17.61%. As a group, equities analysts forecast that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SVNLY. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, May 12th. Finally, Barclays reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.