Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sees Large Drop in Short Interest

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 33,400 shares, a decrease of 50.9% from the December 15th total of 68,000 shares. Based on an average trading volume of 387,200 shares, the days-to-cover ratio is presently 0.1 days.

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY traded up $0.03 during trading on Thursday, hitting $5.35. 96,059 shares of the company’s stock were exchanged, compared to its average volume of 153,941. Svenska Handelsbanken AB has a fifty-two week low of $4.24 and a fifty-two week high of $6.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The business’s 50 day moving average is $5.13 and its two-hundred day moving average is $5.03.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating 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 business had revenue of $1.45 billion for the quarter. As a group, analysts predict that Svenska Handelsbanken AB will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

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