Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Declines By 38.2%

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

Svenska Handelsbanken AB (publ) Stock Up 0.6 %

OTCMKTS:SVNLY traded up $0.03 during mid-day trading on Friday, hitting $5.01. 471,830 shares of the company’s stock traded hands, compared to its average volume of 197,320. The firm has a 50 day moving average of $5.04 and a two-hundred day moving average of $4.85. Svenska Handelsbanken AB has a 12 month low of $4.24 and a 12 month high of $6.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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.