Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Decreases By 50.9%

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

Analyst Ratings Changes

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

Svenska Handelsbanken AB (publ) Price Performance

Shares of SVNLY stock opened at $5.21 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $20.63 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The firm’s 50-day moving average is $5.13 and its two-hundred day moving average is $5.02. Svenska Handelsbanken AB has a 12 month low of $4.24 and a 12 month high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm 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 13.65%. Analysts predict that Svenska Handelsbanken AB will post 0.64 earnings per share 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.