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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) was the target 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 trading volume, of 205,900 shares, the short-interest ratio is presently 0.0 days.

Svenska Handelsbanken AB (publ) Trading Up 1.4 %

Shares of SVNLY stock traded up $0.07 during trading hours on Friday, hitting $5.21. 45,359 shares of the company were exchanged, compared to its average volume of 197,109. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Svenska Handelsbanken AB has a fifty-two week low of $4.12 and a fifty-two week high of $6.01. The company has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $4.83. The firm has a market cap 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.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Svenska Handelsbanken AB (publ) to a "strong sell" rating in a research note 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.