Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Down 84.9% in June

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 86,032 shares, a drop of 84.9% from the May 31st total of 569,239 shares. Based on an average trading volume of 328,453 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SVNLY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Barclays restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday. Finally, Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Svenska Handelsbanken Ab Publ presently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Price Performance

Shares of OTCMKTS SVNLY opened at $7.21 on Friday. The stock has a market cap of $28.55 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 4.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.10. Svenska Handelsbanken Ab Publ has a fifty-two week low of $5.80 and a fifty-two week high of $8.26. The firm’s 50-day simple moving average is $7.13 and its 200 day simple moving average is $7.31.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.41% and a net margin of 17.61%. As a group, research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current fiscal year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.