Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Drops By 38.2%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant decrease in short interest in 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 trading volume of 631,500 shares, the days-to-cover ratio is presently 0.0 days.

Svenska Handelsbanken AB (publ) Trading Up 0.6 %

Shares of Svenska Handelsbanken AB (publ) stock traded up $0.03 during trading on Friday, reaching $5.01. The company’s stock had a trading volume of 491,088 shares, compared to its average volume of 197,407. 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 has a 12-month low of $4.24 and a 12-month high of $6.01. The business has a 50 day moving average price of $5.04 and a 200-day moving average price of $4.85.

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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.