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

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research report on Friday, September 27th.

Svenska Handelsbanken AB (publ) Trading Up 0.6 %

Shares of OTCMKTS SVNLY traded up $0.03 during midday trading on Friday, hitting $5.01. The company’s stock had a trading volume of 491,088 shares, compared to its average volume of 197,407. The stock has a fifty day moving average price of $5.04 and a 200 day moving average price of $4.86. Svenska Handelsbanken AB has a one year low of $4.24 and a one year high of $6.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06.

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

Svenska Handelsbanken AB (publ) Company Profile

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.