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

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a large decrease in short interest in the month of 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 trading volume of 154,898 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have commented 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. Barclays reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Citigroup lowered Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a 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 stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Price Performance

Shares of Svenska Handelsbanken Ab Publ stock traded up $0.05 during midday trading on Friday, hitting $7.72. 84,261 shares of the company traded hands, compared to its average volume of 81,044. The firm’s fifty day moving average price is $7.55 and its 200-day moving average price is $7.31. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 4.57 and a beta of 0.61. Svenska Handelsbanken Ab Publ has a 12 month low of $6.14 and a 12 month 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.

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

Svenska Handelsbanken Ab Publ Company Profile

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.