Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Shares Shorted: Short Interest Up 441.7% in September

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 115,783 shares, an increase of 441.7% from the August 31st total of 21,375 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 175,063 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SVNLY. Citigroup downgraded shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 1st. 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 reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, September 16th. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, June 22nd. One research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Trading Up 1.2%

OTCMKTS:SVNLY opened at $7.86 on Friday. The stock’s 50 day moving average price is $7.64 and its 200 day moving average price is $7.31. Svenska Handelsbanken Ab Publ has a 52 week low of $6.14 and a 52 week high of $8.26. The company has a market capitalization of $31.13 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 2.02.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. On average, research analysts forecast that Svenska Handelsbanken Ab Publ will post 0.59 EPS for the current fiscal year.

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.