Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Update

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient 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 daily trading volume, of 387,200 shares, the days-to-cover ratio is presently 0.1 days.

Svenska Handelsbanken AB (publ) Stock Up 0.6 %

Shares of Svenska Handelsbanken AB (publ) stock traded up $0.03 during trading on Thursday, reaching $5.35. The company’s stock had a trading volume of 96,059 shares, compared to its average volume of 153,941. Svenska Handelsbanken AB has a one year low of $4.24 and a one year high of $6.01. The stock has a 50-day moving average price of $5.13 and a two-hundred day moving average price of $5.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.45 billion during the quarter. Svenska Handelsbanken AB (publ) had a net margin of 14.66% and a return on equity of 13.65%. Analysts expect that Svenska Handelsbanken AB will post 0.6 EPS for the current year.

Analysts Set New Price Targets

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

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.