Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Update

Key Points

• Short interest fell 75.3% to 21,375 shares as of August 31, representing 0.0% of outstanding shares and just 0.1 days to cover.
• Analyst sentiment remains strongly negative: Citigroup downgraded the stock to “sell,” while Goldman Sachs, Morgan Stanley, and Barclays maintained sell or underweight ratings. MarketBeat’s consensus rating is “Strong Sell.”
• The stock opened at $7.67, within its $6.14–$8.26 52-week range. Recent earnings matched estimates at $0.14 per share, but quarterly revenue of $1.40 billion came in below the $1.45 billion analyst consensus.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 21,375 shares, a decrease of 75.3% from the August 15th total of 86,479 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 154,898 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup cut shares of Svenska Handelsbanken Ab Publ from a "hold" rating to a "sell" rating in a report on Thursday, July 16th. The Goldman Sachs Group restated a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. Morgan Stanley reaffirmed an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Finally, Barclays reaffirmed an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, June 22nd. One equities research 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 has a consensus rating of "Strong Sell".

Svenska Handelsbanken Ab Publ Stock Down 0.5%

Shares of OTCMKTS:SVNLY opened at $7.67 on Friday. Svenska Handelsbanken Ab Publ has a 52-week low of $6.14 and a 52-week high of $8.26. The firm has a market capitalization of $30.37 billion, a P/E ratio of 10.80, a P/E/G ratio of 4.52 and a beta of 0.61. The stock has a 50 day moving average price of $7.55 and a 200-day moving average price of $7.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 2.02.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%. As a group, equities research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.6 EPS for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

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.

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