Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Declines By 22.7%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 22,800 shares, a decrease of 22.7% from the April 30th total of 29,500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 214,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

SVNLY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Svenska Handelsbanken AB (publ) in a research report on Tuesday, May 13th. Citigroup reaffirmed a "neutral" rating on shares of Svenska Handelsbanken AB (publ) in a research report on Wednesday, May 21st. Kepler Capital Markets cut Svenska Handelsbanken AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 21st. Hsbc Global Res cut Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, HSBC cut Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Svenska Handelsbanken AB (publ) currently has an average rating of "Hold".

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY traded up $0.03 during trading hours on Thursday, reaching $6.66. The company's stock had a trading volume of 59,696 shares, compared to its average volume of 122,554. Svenska Handelsbanken AB has a 52 week low of $4.55 and a 52 week high of $6.83. The company's 50-day moving average is $6.12 and its 200-day moving average is $5.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17. The firm has a market cap of $26.37 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.47 billion. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. On average, equities analysts forecast that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

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.