Short Interest in Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Decreases By 84.9%

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 86,032 shares, a decline of 84.9% from the May 31st total of 569,239 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 328,453 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

SVNLY has been the subject of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Thursday, April 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Svenska Handelsbanken Ab Publ currently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Down 0.1%

Shares of OTCMKTS SVNLY opened at $7.20 on Friday. The stock has a market capitalization of $28.51 billion, a P/E ratio of 10.14, a PEG ratio of 4.16 and a beta of 0.61. Svenska Handelsbanken Ab Publ has a one year low of $5.80 and a one year high of $8.26. The firm’s 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $7.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 2.10.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, analysts expect that Svenska Handelsbanken Ab Publ will post 0.61 EPS for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.