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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 33,400 shares, a decline of 50.9% from the December 15th total of 68,000 shares. Based on an average trading volume of 387,200 shares, the short-interest ratio is currently 0.1 days.

Svenska Handelsbanken AB (publ) Trading Up 0.6 %

OTCMKTS SVNLY traded up $0.03 during trading on Thursday, hitting $5.35. The company’s stock had a trading volume of 96,059 shares, compared to its average volume of 153,941. Svenska Handelsbanken AB has a 52 week low of $4.24 and a 52 week high of $6.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a 50 day moving average price of $5.13 and a 200 day moving average price of $5.03.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Svenska Handelsbanken AB (publ) had a net margin of 14.66% and a return on equity of 13.65%. The firm had revenue of $1.45 billion during the quarter. Equities research analysts predict that Svenska Handelsbanken AB will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.