Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Update

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 33,911 shares, a decline of 60.6% from the June 15th total of 86,032 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 339,578 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research firms recently issued reports on SVNLY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Barclays reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, July 7th. Finally, Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 1.5%

Shares of SVNLY traded up $0.11 during trading hours on Tuesday, reaching $7.39. The stock had a trading volume of 128,197 shares, compared to its average volume of 220,946. Svenska Handelsbanken Ab Publ has a 12 month low of $5.80 and a 12 month high of $8.26. The firm has a 50-day simple moving average of $7.19 and a 200 day simple moving average of $7.34. 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 company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 4.26 and a beta of 0.61.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities research analysts predict 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.