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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 33,400 shares, a decrease of 50.9% from the December 15th total of 68,000 shares. Based on an average trading volume of 387,200 shares, the days-to-cover ratio is presently 0.1 days.

Svenska Handelsbanken AB (publ) Stock Performance

Svenska Handelsbanken AB (publ) stock traded up $0.11 during mid-day trading on Tuesday, hitting $5.32. The company had a trading volume of 215,558 shares, compared to its average volume of 161,407. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.38 and a beta of 0.83. The company's fifty day moving average is $5.13 and its 200-day moving average is $5.02. Svenska Handelsbanken AB has a 12-month low of $4.24 and a 12-month high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate 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 for the quarter. Equities research analysts predict that Svenska Handelsbanken AB will post 0.64 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) to a "strong sell" rating in a 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.