Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Significant Growth in Short Interest

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 82,704 shares, a growth of 143.9% from the June 30th total of 33,911 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 232,612 shares, the days-to-cover ratio is presently 0.4 days.

Svenska Handelsbanken Ab Publ Stock Performance

SVNLY stock opened at $7.37 on Thursday. The firm has a market cap of $29.19 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 4.26 and a beta of 0.61. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $7.26 and a 200-day moving average price of $7.34. Svenska Handelsbanken Ab Publ has a 1-year low of $5.99 and a 1-year high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its earnings results on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Svenska Handelsbanken Ab Publ had a return on equity of 14.26% and a net margin of 17.75%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, equities research analysts expect that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SVNLY. The Goldman Sachs Group restated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, April 13th. Citigroup lowered shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Barclays restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, June 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Svenska Handelsbanken Ab Publ presently has an average rating of “Strong Sell”.

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.