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

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

Svenska Handelsbanken AB (publ) Trading Up 0.5%

SVNLY traded up $0.03 on Friday, reaching $6.66. 59,696 shares of the company traded hands, compared to its average volume of 122,554. The company has a market cap of $26.37 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78. The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. Svenska Handelsbanken AB has a one year low of $4.55 and a one year high of $6.83. The firm has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $5.82.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. Svenska Handelsbanken AB (publ) had a net margin of 14.89% and a return on equity of 13.62%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, equities research analysts expect that Svenska Handelsbanken AB will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

SVNLY has been the subject of several recent analyst reports. Hsbc Global Res lowered shares of Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Kepler Capital Markets lowered shares of Svenska Handelsbanken AB (publ) from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 21st. Citigroup reiterated a "neutral" rating on shares of Svenska Handelsbanken AB (publ) in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Svenska Handelsbanken AB (publ) in a research note on Tuesday, May 13th. Finally, HSBC downgraded Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Svenska Handelsbanken AB (publ) has a consensus rating of "Hold".

About Svenska Handelsbanken AB (publ)

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.