Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Up 196.5% in May

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 67,600 shares, a growth of 196.5% from the May 15th total of 22,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 227,500 shares, the short-interest ratio is presently 0.3 days.

Svenska Handelsbanken AB (publ) Stock Performance

Shares of SVNLY stock opened at $6.68 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $6.26 and a two-hundred day moving average of $5.87. Svenska Handelsbanken AB has a 52 week low of $4.55 and a 52 week high of $6.83. The company has a market cap of $26.45 billion, a P/E ratio of 10.28, a PEG ratio of 1.94 and a beta of 0.78.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, analysts anticipate that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

SVNLY has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken AB (publ) in a research note on Wednesday, May 21st. Hsbc Global Res downgraded Svenska Handelsbanken AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken AB (publ) in a research note on Tuesday, May 13th. HSBC downgraded Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Kepler Capital Markets downgraded Svenska Handelsbanken AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Svenska Handelsbanken AB (publ) presently 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.