Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Large Increase in Short Interest

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 82,704 shares, an increase of 143.9% from the June 30th total of 33,911 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 232,612 shares, the short-interest ratio is currently 0.4 days.

Svenska Handelsbanken Ab Publ Price Performance

Svenska Handelsbanken Ab Publ stock opened at $7.38 on Wednesday. Svenska Handelsbanken Ab Publ has a 1 year low of $5.99 and a 1 year high of $8.26. The firm has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.34. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 4.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.10.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.26% and a net margin of 17.75%. Sell-side analysts predict that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SVNLY. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Citigroup lowered Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. Barclays restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Sell”.

About Svenska Handelsbanken Ab Publ

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.