Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Down 84.9% in June

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 86,032 shares, a decline of 84.9% from the May 31st total of 569,239 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 328,453 shares, the days-to-cover ratio is currently 0.3 days.

Svenska Handelsbanken Ab Publ Price Performance

Svenska Handelsbanken Ab Publ stock opened at $7.21 on Friday. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 4.12 and a beta of 0.61. Svenska Handelsbanken Ab Publ has a 52-week low of $5.80 and a 52-week high of $8.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.10. The stock’s 50 day moving average price is $7.13 and its two-hundred day moving average price is $7.31.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its earnings results on Wednesday, April 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%. On average, equities analysts predict that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.