Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Down 31.1% in December

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 68,000 shares, a drop of 31.1% from the November 30th total of 98,700 shares. Based on an average trading volume of 272,700 shares, the short-interest ratio is currently 0.2 days.

Svenska Handelsbanken AB (publ) Stock Up 0.5 %

OTCMKTS SVNLY traded up $0.03 during trading on Friday, reaching $5.13. 68,200 shares of the company's stock were exchanged, compared to its average volume of 193,001. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. Svenska Handelsbanken AB has a fifty-two week low of $4.24 and a fifty-two week high of $6.01. The company's fifty day simple moving average is $5.11 and its 200-day simple moving average is $4.98. The firm has a market capitalization of $20.30 billion, a PE ratio of 7.77, a P/E/G ratio of 1.38 and a beta of 0.84.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last released 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 net margin of 14.66% and a return on equity of 13.65%. The company had revenue of $1.45 billion during the quarter. Sell-side analysts predict that Svenska Handelsbanken AB will post 0.64 EPS for the current year.

Analysts Set New Price Targets

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.