Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Down 75.3% in August

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 21,375 shares, a decrease of 75.3% from the August 15th total of 86,479 shares. Based on an average daily volume of 154,898 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Svenska Handelsbanken Ab Publ Stock Up 0.7%

Shares of SVNLY stock opened at $7.72 on Friday. Svenska Handelsbanken Ab Publ has a 1 year low of $6.14 and a 1 year high of $8.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 2.02. The business’s fifty day moving average is $7.55 and its 200-day moving average is $7.31. The stock has a market cap of $30.57 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 4.54 and a beta of 0.61.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%. Equities analysts expect that Svenska Handelsbanken Ab Publ will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SVNLY has been the topic of a number of recent analyst reports. Citigroup cut shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, July 20th. Barclays reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Finally, Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Sell”.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Swedish universal bank that provides banking and financial services to individuals, businesses and institutional customers. Its offerings include deposits, lending, mortgages, payment services, savings and investment products, corporate finance, and asset management.

Founded in Stockholm in 1871, Handelsbanken has developed a decentralized business model that gives local branches substantial responsibility for customer relationships and credit decisions.