Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Declines By 49.8%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 16,200 shares, a decline of 49.8% from the July 31st total of 32,300 shares. Based on an average trading volume of 255,700 shares, the days-to-cover ratio is currently 0.1 days.

Svenska Handelsbanken AB (publ) Price Performance

Shares of OTCMKTS SVNLY traded down $0.04 during mid-day trading on Wednesday, reaching $5.08. The company had a trading volume of 85,531 shares, compared to its average volume of 208,294. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $20.12 billion, a PE ratio of 7.36, a P/E/G ratio of 1.41 and a beta of 0.86. The company has a 50-day moving average price of $4.86 and a two-hundred day moving average price of $5.00. Svenska Handelsbanken AB has a 1-year low of $4.07 and a 1-year high of $6.01.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Svenska Handelsbanken AB (publ) had a return on equity of 13.76% and a net margin of 14.98%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. On average, equities analysts anticipate that Svenska Handelsbanken AB will post 0.61 earnings per share for the current year.

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.