Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Short Interest Jumps 441.7%

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 115,783 shares, a growth of 441.7% from the August 31st total of 21,375 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 175,063 shares, the days-to-cover ratio is presently 0.7 days.

Svenska Handelsbanken Ab Publ Stock Performance

Shares of OTCMKTS:SVNLY opened at $7.86 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 2.02. The business’s 50 day moving average price is $7.64 and its 200-day moving average price is $7.31. The firm has a market capitalization of $31.13 billion, a PE ratio of 11.07, a P/E/G ratio of 0.47 and a beta of 0.61. Svenska Handelsbanken Ab Publ has a 1 year low of $6.14 and a 1 year high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, equities research analysts expect that Svenska Handelsbanken Ab Publ will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SVNLY. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 1st. Citigroup cut shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, September 16th. Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. One investment analyst has rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell”.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Swedish universal bank that provides banking and financial services to individuals, businesses and institutional customers. Its offerings include deposits, lending, mortgages, payment services, savings and investment products, corporate finance, and asset management.

Founded in Stockholm in 1871, Handelsbanken has developed a decentralized business model that gives local branches substantial responsibility for customer relationships and credit decisions.