Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Up 89,600.0% in September

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 89,700 shares, a growth of 89,600.0% from the August 31st total of 100 shares. Based on an average trading volume of 226,600 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 226,600 shares, the days-to-cover ratio is currently 0.4 days.

Svenska Handelsbanken Ab Publ Stock Down 0.8%

SVNLY opened at $6.47 on Wednesday. The company has a 50 day moving average of $6.36 and a 200 day moving average of $6.31. Svenska Handelsbanken Ab Publ has a 12 month low of $4.73 and a 12 month high of $6.83. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. Svenska Handelsbanken Ab Publ had a return on equity of 13.22% and a net margin of 15.69%. Equities analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SVNLY has been the topic of several research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 2nd. Danske lowered shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

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.