Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sees Large Decline in Short Interest

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 4,700 shares, a drop of 38.2% from the October 15th total of 7,600 shares. Based on an average trading volume of 631,500 shares, the days-to-cover ratio is presently 0.0 days.

Svenska Handelsbanken AB (publ) Stock Up 0.6 %

SVNLY stock traded up $0.03 during midday trading on Friday, reaching $5.01. The stock had a trading volume of 491,088 shares, compared to its average volume of 197,407. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $4.85. Svenska Handelsbanken AB has a 52-week low of $4.24 and a 52-week high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.45 billion during the quarter. Svenska Handelsbanken AB (publ) had a net margin of 14.66% and a return on equity of 13.64%. On average, research analysts forecast that Svenska Handelsbanken AB will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research report on Friday, September 27th.

About Svenska Handelsbanken AB (publ)

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.