Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Down 40.2% in October

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 7,600 shares, a drop of 40.2% from the September 30th total of 12,700 shares. Based on an average daily volume of 205,900 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Svenska Handelsbanken AB (publ) Stock Performance

OTCMKTS SVNLY opened at $5.21 on Friday. Svenska Handelsbanken AB has a 52-week low of $4.12 and a 52-week high of $6.01. 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 company has a fifty day moving average of $5.02 and a 200-day moving average of $4.83. The company has a market capitalization of $19.25 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.31 and a beta of 0.86.

Svenska Handelsbanken AB (publ) Company Profile

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.