Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Grows By 1,791.5%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 88,900 shares, a growth of 1,791.5% from the October 31st total of 4,700 shares. Based on an average daily volume of 389,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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) Trading Down 0.2 %

Shares of SVNLY stock traded down $0.01 on Wednesday, hitting $4.97. 164,741 shares of the stock traded hands, compared to its average volume of 190,279. Svenska Handelsbanken AB has a 52 week low of $4.24 and a 52 week high of $6.01. The firm has a 50 day simple moving average of $5.03 and a two-hundred day simple moving average of $4.90. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

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, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.45 billion for the quarter. Svenska Handelsbanken AB (publ) had a net margin of 14.66% and a return on equity of 13.64%. As a group, equities research analysts anticipate that Svenska Handelsbanken AB will post 0.64 EPS for the current year.

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.